The 'AA+' insurer financial strength rating on Yasuda Fire & Marine Insurance Co. (Asia) Pte. Ltd. (Yasuda Asia) reflects Yasuda Asia's strategic importance to parent, Yasuda Fire & Marine Insurance Co. Ltd. (Yasuda Fire), as well as explicit support from Yasuda Fire in the form of a net worth maintenance agreement. Additionally, Yasuda Asia possesses a satisfactory business profile, strong operating performance, and excellent financial structure. --Yasuda Fire's commitment to Yasuda Asia is evidenced through explicit and implicit support, including a strong balance sheet and high level of operational integration. Yasuda Asia plays an important role in South Asia, servicing the local operations of parent group clients and providing underwriting control and reinsurance support to other Yasuda subsidiaries in the
