We consider TPI to be a "core" subsidiary of China Taiping Insurance Group Ltd. We therefore equalize the rating on the insurer with the 'a' group credit profile. We are assigning our 'A' long-term local currency issuer credit rating and insurance financial strength rating to the China-based insurer. We are also assigning our 'cnAA+' Greater China regional scale rating to the company. The stable outlook reflects our expectation that TPI will remain a core member of the group over the next 24 months at least. On Jan. 5, 2015, Standard&Poor's Ratings Services assigned its 'A' long-term local currency issuer credit rating and insurer financial strength rating to Taiping General Insurance Co. Ltd. (TPI). The outlook is stable. We
