{"id":210984,"date":"2023-02-16T09:43:47","date_gmt":"2023-02-16T01:43:47","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=210984"},"modified":"2023-02-16T09:43:47","modified_gmt":"2023-02-16T01:43:47","slug":"am-best-places-credit-ratings-of-fubon-insurance-vietnam-co-ltd-under-review-with-negative-implications","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=210984","title":{"rendered":"AM Best Places Credit Ratings of Fubon Insurance Vietnam Co., Ltd. Under Review With Negative Implications"},"content":{"rendered":"\n<p><strong>SINGAPORE, Feb 16 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong><strong>AM Best&nbsp;<\/strong>has placed under review with negative implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of \u201cbbb+\u201d (Good) of Fubon Insurance Vietnam Co., Ltd. (Fubon Vietnam) (Vietnam).<\/p>\n\n\n\n<p>This Credit Rating (rating) action follows AM Best\u2019s downgrade of the Long-Term ICR of Fubon Vietnam\u2019s parent company, Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan) on 3 February 2023 (see\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnews.ambest.com%2FPressContent.aspx%3Faltsrc%3D2%26refnum%3D33008&amp;esheet=53328037&amp;newsitemid=20230215005774&amp;lan=en-US&amp;anchor=related+press+release&amp;index=1&amp;md5=ac97d91364829dd43496ff1de446da1b\">related press release<\/a>). AM Best downgraded Fubon Insurance\u2019s Long-Term ICR to \u201ca\u201d (Excellent) from \u201ca+\u201d (Excellent) while affirming its FSR of A (Excellent), and also placed the ratings under review with negative implications. That recent development was the result of weakened financial strength and ongoing uncertainty around the credit profile of Fubon Insurance. Fubon Vietnam\u2019s ratings incorporate rating enhancement from its ownership and integration with Fubon Insurance. As a result, AM Best needs to assess the impact of further near-term developments on the credit profile of Fubon Insurance to determine its continued ability to provide explicit support to Fubon Vietnam.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=45427\">http:\/\/mrem.bernama.com\/viewsm.php?idm=45427<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Feb 16 (Bernama-BUSINESS WIRE) &#8212;&nbsp;AM Best&nbsp;has placed under review with negative implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of \u201cbbb+\u201d (Good) of Fubon Insurance Vietnam Co., Ltd. (Fubon Vietnam) (Vietnam). This Credit Rating (rating) action follows AM Best\u2019s downgrade of the Long-Term ICR of [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/210984"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=210984"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/210984\/revisions"}],"predecessor-version":[{"id":210985,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/210984\/revisions\/210985"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=210984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=210984"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=210984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}