AM Best has commented that the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of 'aa' of
The outlook of these Credit Ratings (ratings) remains stable.
Concurrently, AM Best has commented that the FSRs of A+ (Superior) and the Long-Term ICRs of 'aa' of MSI's
This comment follows the announcement that MS&AD plans to reorganize the international businesses of its subsidiary MSI, subject to the approval of the relevant authorities and other requirements. Under this reorganization, some of MSI's overseas subsidiaries, such as
AM Best does not expect a material deterioration in MSI's consolidated risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). Although this was a significant increase in extraordinary losses, which in turn has placed some pressure on profit before tax, there also will be an approximate
Furthermore, AM Best has commented that the FSRs of A (Excellent) and the Long-Term ICRs of 'a+' of
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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