SINGAPORE, May 9 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the financial
strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating
to “a-” from “bbb+” of Police Health Plan Limited (PHP) (New
Zealand). The outlook for each rating is stable.
This ratings upgrade reflects PHP’s very strong risk-based capitalization and excellent performance track record over a five-year period. In addition, the ratings reflect the company’s affiliation with its ultimate parent, New Zealand Police Association (NZPA), which includes the synergies and operating efficiencies that PHP enjoys as a member of this group.
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