SINGAPORE, Jan 19 (Bernama-BUSINESS WIRE) -- AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam).
The ratings reflect PTI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).The revision of the outlooks to negative reflect AM Best’s assessment that balance sheet strength fundamentals have weakened due to recent capital erosion. In addition, increasing capital requirements arising from higher business growth and higher investment risks could further constrain capital adequacy over the near to medium term.
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