We expect DBI to strengthen its capitalization on the back of improving underwriting performance and moderate business growth. In our view, DBI's focus on protection policies will result in stronger value generation in the medium term. We are raising our long-term issuer credit and financial strength ratings on DBI to 'A' from 'A-'. The stable outlook reflects our view that DBI will sustain its capital and earnings over the next two years. On June 29, 2018, S&P Global Ratings raised its long-term local currency issuer credit and financial strength ratings on Korea-based DB Insurance Co. Ltd. (DBI) to 'A' from 'A-'. The outlook is stable. The upgrade reflects our view that DBI's improving underwriting performance and moderate business growth will
