...April 29, 2020 - The widening economic recession has exacerbated financial market volatility and increased downside risk for Taiwan-based Nan Shan Life's financial risk profile. - We are therefore revising the rating outlook on Nan Shan Life and its highly strategic subsidiary, Nan Shan General, to negative from stable. - We are also affirming the local currency long-term issuer credit rating and financial strength rating on the insurers at '###+'. - The negative outlook reflects the heightened risk that global market volatility could weaken Nan Shan Life's financial strength over the next one to two years. TAIPEI (S&P Global Ratings) April 29, 2020--S&P Global Ratings today revised its rating outlook on Taiwan-based Nan Shan Life Insurance Co. Ltd. and Nan Shan General Insurance Co. Ltd. to negative from stable. At the same time, we affirmed our local currency long-term issuer credit rating and financial strength rating on the companies at '###+'. In our view, growing capital market volatility...
