Chung Kuo Insurance has lowered its foreign currency investments over the past few quarters, which has reduced the risk from its exposure to high forex volatility. We now assess Chung Kuo Insurance's overall investment risk profile to be in line with its domestic peers and is neutral to our strong assessment of the company's capital and earnings. We are therefore raising our financial strength and issuer credit ratings on Chung Kuo Insurance to 'A-' from 'BBB+'. The stable outlook reflects our view that Chung Kuo Insurance is likely to maintain its extremely strong capitalization and prudent investment strategy including manageable forex risk. On Sept. 27, 2017, S&P Global Ratings raised its financial strength and issuer credit ratings on Chung Kuo
