HONG KONG, Feb 18 (Bernama-BUSINESS WIRE) -- A.M. Best has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China). The outlook assigned to both ratings is stable.
The ratings of ADIC were placed under review with negative implications following the expectation of the substantial increase in ADIC’s credit and liquidity risks due to losses caused by explosions at the Tianjin port on Aug. 12, 2015.
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