Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent - S&P Global Ratings’ Credit Research

Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent

Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent - S&P Global Ratings’ Credit Research
Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent
Published Apr 16, 2002
Published Apr 16, 2002
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About This Report

  
Abstract:

SINGAPORE (Standard&Poor's) April 16, 2002--Standard&Poor's today lowered its insurer financial strength rating on Sompo Japan Insurance Co (Asia) Pte Ltd. (formerly Yasuda Fire&Marine Insurance Co Asia Pte Ltd.) to double 'A'-minus from double-'A'. The rating, reflects the explicit support of the company's parent, Yasuda Fire&Marine Insurance Co. Ltd. (Yasuda Fire; AA-/Negative/--), and follows Standard&Poor's earlier announcement that it has lowered its long-term sovereign rating on Japan to double-'A'-minus, with a negative outlook.

  
Report Type:

Ratings Action

Ticker
8755@JP
Issuer
Tenet Sompo Insurance Pte. Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Emerging Markets
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent" Apr 16, 2002. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sompo-Asia-s-Insurer-Financial-Strength-Rating-Lowered-to-AA-In-Line-With-Parent-240544>
  
APA:
S&P Global Ratings’ Credit Research. (). Sompo Asia's Insurer Financial Strength Rating Lowered to 'AA-', In Line With Parent Apr 16, 2002. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sompo-Asia-s-Insurer-Financial-Strength-Rating-Lowered-to-AA-In-Line-With-Parent-240544>
  
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