Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable - S&P Global Ratings’ Credit Research

Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable

Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable - S&P Global Ratings’ Credit Research
Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable
Published Jun 19, 2015
3 pages (1423 words) — Published Jun 19, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Japan-based Secom General's capital and earnings has improved as of March 2015. We have revised upward our assessment of its financial risk profile to upper adequate from less than adequate. We are raising our ratings on Secom General to 'A' from 'A-'. The outlook is stable. The ratings are three notches higher than the stand-alone credit profile, reflecting our assessment of its group status as strategically important to its parent, Secom Co. Ltd. TOKYO (Standard&Poor's) June 19, 2015--Standard&Poor's Ratings Services today said that it has raised to 'A' from 'A-' its insurer financial strength and counterparty credit ratings on Japan-based Secom General Insurance Co. Ltd. The outlook is stable. The upgrade follows our revision of its

  
Brief Excerpt:

...+ Japan-based Secom General's capital and earnings has improved as of March 2015. We have revised upward our assessment of its financial risk profile to upper adequate from less than adequate. + We are raising our ratings on Secom General to 'A' from 'A-'. The outlook is stable. + The ratings are three notches higher than the stand-alone credit profile, reflecting our assessment of its group status as strategically important to its parent, Secom Co. Ltd. TOKYO (Standard & Poor's) June 19, 2015--Standard & Poor's Ratings Services today said that it has raised to 'A' from 'A-' its insurer financial strength and counterparty credit ratings on Japan-based Secom General Insurance Co. Ltd. The outlook is stable. The upgrade follows our revision of its financial risk profile to upper adequate from less than adequate, reflecting an improvement in its capital. We assess the anchor of Secom General at '###+'. We derive the anchor from the combination of our assessments of its satisfactory business...

  
Report Type:

Ratings Action

Issuer
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Region
Asia
Format:
PDF Adobe Acrobat
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Secom General Insurance Co. Ltd. – 2015/06/29 – US$ 500.00

Summary: Secom General Insurance Co. Ltd. – 2015/06/29 – US$ 225.00

Secom General Insurance Co. Ltd. – 2016/06/29 – US$ 500.00

Summary: Secom General Insurance Co. Ltd. – 2016/06/29 – US$ 225.00

Secom General Insurance Co. Ltd. – 2017/06/26 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable" Jun 19, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Japan-Based-Secom-General-Insurance-Upgraded-To-A-Outlook-Stable-1406242>
  
APA:
S&P Global Ratings’ Credit Research. (). Japan-Based Secom General Insurance Upgraded To 'A'; Outlook Stable Jun 19, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Japan-Based-Secom-General-Insurance-Upgraded-To-A-Outlook-Stable-1406242>
  
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