Taiwan-based life insurer Nan Shan Life has a strong business franchise and a strong liquidity profile with prudent investment mix. We are assigning our local currency 'A-' insurer financial strength and counterparty credit ratings on Nan Shan Life, as well as our 'cnAA' Greater China regional scale rating. The stable outlook reflects our view that Nan Shan Life should be able to maintain its credit profile and more specifically its capitalization at the level commensurate with the ratings despite a difficult operating environment in Taiwan. On Oct. 8, 2012, Standard&Poor's Ratings Services assigned its local currency 'A-' insurer financial strength and counterparty credit ratings on Nan Shan Life Insurance Co. Ltd. The outlook on the ratings is stable.
