In a brief announcement Standard & Poor’s Ratings Services said it has reinstated its “BBB” financial strength and long-term counterparty credit ratings on Korea’s LG Insurance Co. Ltd.
S&P said it had taken the action “at the company’s request to meet the needs of policyholders and investors.”
“The outlook on the counterparty rating is stable,” S&P noted.”
It also indicated that it has reinstated the “BBB” rating on LG Insurance Co. Ltd. (U.S. branch), also with a stable outlook.
Was this article valuable?
Here are more articles you may enjoy.
India’s Largest Nuclear Power Plant Hit by Data Breach 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
