Blue Cross (Asia-Pacific) Insurance Ltd. will likely maintain its important role in supplementing the health strategy of AIA Group Ltd. in Hong Kong. The Hong Kong-based insurer could maintain healthy capitalization to support business growth over the next two years as bottom-line losses narrow. We affirmed our'A+'long-term issuer credit and financial strength ratings on Blue Cross. The stable rating outlook reflects our expectation that the insurer will remain a strategically important subsidiary of AIA and maintain its credit profile over the next two years. On Oct. 28, 2026, S&P Global Ratings affirmed its'A+'long-term issuer credit and financial strength ratings on Blue Cross. The rating outlook remains stable. The rating affirmation reflects our view that Blue Cross
