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.
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
