Hang Seng Insurance has a strong competitive position, and stable capital adequacy and earnings, and derives benefits from its status as a core subsidiary of HSBC Holdings PLC. We are affirming our 'AA-' local currency long-term financial strength and issuer credit ratings on the Hong Kong-based insurer. We are also affirming our 'cnAAA' long-term Greater China regional scale rating on Hang Seng Insurance. The stable outlook on Hang Seng Insurance reflects the outlook on HSBC Holdings PLC. On Feb. 29, 2016, Standard&Poor's Ratings Services affirmed its 'AA-' local currency long-term financial strength and issuer credit ratings on Hang Seng Insurance Co. Ltd. The outlook is stable. We also affirmed our 'cnAAA' long-term Greater China regional scale rating on
