(The following statement was released by the rating agency)
SINGAPORE/HONG KONG, July 27 (Fitch) Fitch Ratings has
downgraded the Insurer
Financial Strength (IFS) ratings of seven insurance companies in
Asia by one
notch. The Outlook on these ratings is Stable.
The seven Asian insurers are:
- Etiqa Insurance Berhad (EIB)
- Etiqa Takaful Berhad (ETB)
- Etiqa Insurance Pte Ltd (EIPL)
- Malaysian Reinsurance Berhad (Malaysian Re)
- Muang Thai Life Assurance Public Company Limited (MTL)
- Thai Lif
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