HONG KONG, Oct 21 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Korean Reinsurance Company (KRE) (South Korea). The outlook for both ratings is stable.
The ratings reflect KRE’s adequate risk-adjusted capitalization, stable operating performance and strong position in the domestic market. KRE’s risk-adjusted capitalization improved year-over-year mainly owing to the issuance of hybrid bonds worth USD 200 million in October 2014.
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