A.M. Best Affirms Ratings of China Taiping Insurance (Macau) Co., Ltd.
The rating affirmations reflect CTIM’s strong operating performance and favorable business profile in the
Partially offsetting rating factors include the potential volatility on its overall operating results due to market value movements in the company’s corporate bonds and mutual funds investments.
Positive rating actions are unlikely in the short term. Negative rating pressure may arise if CTIM’s risk-adjusted capitalization (for example, a larger than expected dividend payout) or operating results were to materially deteriorate (for example, due to a major investment loss).
Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.
Copyright © 2016 by A.M. Best Rating Services, Inc. and/or its subsidiaries.
ALL RIGHTS RESERVED.
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