Wednesday, September 26, 2018

​A.M. BEST WITHDRAWS CREDIT RATINGS OF ECICS LIMITED

SINGAPORE, Sept 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb ” of ECICS Limited (ECICS) (Singapore). The outlook of the Long-Term ICR has been revised to negative from stable, while the FSR outlook remains stable. Concurrently, A.M. Best has withdrawn the ratings of ECICS, as the company has requested to no longer participate in A.M. Best’s interactive rating process.

The ratings reflect ECICS’ balance sheet strength, which A.M. Best categorizes as strong, as well as the company’s marginal operating performance, neutral business profile and appropriate enterprise risk management.
http://mrem.bernama.com/viewsm.php?idm=32768

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