| KUALA LUMPUR, Feb 13 (Bernama)-- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of ECICS Limited (ECICS) (Singapore). The outlook for both ratings is stable. The ratings consider ECICS’ strong risk-adjusted capitalization and high investment income ratio. While the company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, is expected to trend lower with budgeted premium growth, it is expected to remain at a high level. ECICS’ investment portfolio, holding mostly cash and fixed income assets, contributes significantly to the company’s overall earnings. |
Friday 13 February 2015
A.M. BEST AFFIRMS RATINGS OF ECICS LIMITED
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