SINGAPORE, July 29 (Bernama-BUSINESS WIRE)
-- A.M. Best has revised the
outlooks to positive from stable and affirmed the financial strength rating of
B+ (Good) and the issuer credit rating of “bbb-” of BIDV Insurance
Corporation(BIC) (Vietnam). BIC is majority owned by the Bank for
Investment and Development of Vietnam JSC (BIDV), one of the largest
banks in Vietnam.
The revised outlooks reflect BIC’s strengthened risk-adjusted capitalization, following support from Fairfax Asia Limited (Fairfax Asia) as a strategic investor.
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