Following a review of Taiwan-based Tokio Marine Newa under our revised insurance criteria, we are raising our local currency long-term counterparty credit and insurer financial strength rating on Tokio Marine Newa to'A+' from 'A'. The outlook is stable. At the same time, we are raising the long-term Greater China regional scale rating on the insurer to 'cnAAA' from 'cnAA+'. The ratings predominantly reflect our view of the issuer's strategic important status within the Tokio Marine group and the company's strong business and strong financial risk profile. These are based on the insurer's strong competitive position and very strong capital and earnings, respectively. The stable outlook reflects our view that the insurer will maintain its strategic important status to the group
