We have raised our assessment of Nan Shan Life Insurance's financial risk profile to moderately strong from upper adequate previously, given the company's enhanced capital and earnings. We have also raised our assessment of Nan Shan Life Insurance's enterprise risk management to adequate with strong risk controls from adequate previously, given our view of the insurer's comprehensive risk framework and good track record of operating performance. We are affirming our 'A-' issuer credit rating and financial strength rating on Nan Shan Life Insurance. The outlook is stable, reflecting our expectation that the insurer will maintain sound capital, prudent risk monitoring over investments, and independence from its corporate shareholders. On Oct. 17, 2017, S&P Global Ratings affirmed its 'A-' long-term issuer
