Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement - S&P Global Ratings’ Credit Research

Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement

Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement - S&P Global Ratings’ Credit Research
Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement
Published Oct 11, 2007
604 words — Published Oct 11, 2007
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Abstract:

SINGAPORE (Standard&Poor's) Oct. 11, 2007--Standard&Poor's Ratings Services said today it revised its outlook on Singapore-based insurer TM Asia Insurance Singapore Ltd. (TM Asia) to positive from stable following the parent group's announcement of a merger of TM Asia and its sister company, Tokio Marine&Fire Insurance Co. (Singapore) Pte. Ltd. (The) (TMS; local currency AA-/Stable/--). At the same time, the 'A+' long-term local currency counterparty credit rating and insurer financial strength ratings on TM Asia were affirmed. Following the merger, which is subject to regulatory approval, TMS' rating will be withdrawn as TM Asia will be the surviving entity. The outlook revision reflects Standard&Poor's expectation that the merger will improve Tokio Marine&

  
Brief Excerpt:

RESEARCH Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement Publication date: 11-Oct-2007 Primary Credit Analyst: Eunice Tan, Singapore (65) 6239-6343; eunice_tan@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
AICL@PA
Issuer
TM Asia Insurance Singapore Ltd.
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers, Insurance
Country
Singapore
Region
Emerging Markets
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement" Oct 11, 2007. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-TM-Asia-Insurance-Singapore-Revised-To-Positive-On-Expected-Efficiency-Improvement-607080>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On TM Asia Insurance Singapore Revised To Positive On Expected Efficiency Improvement Oct 11, 2007. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-TM-Asia-Insurance-Singapore-Revised-To-Positive-On-Expected-Efficiency-Improvement-607080>
  
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