HONG KONG, June 3 (Bernama-BUSINESS WIRE) —AM Best has withdrawn the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Tugu Insurance Company Limited (TIC) (Hong Kong). At the time of the withdrawal, the outlook of these Credit Ratings (ratings) is stable.
The rating withdrawals follow TIC’s request due to its strategic decision to discontinue its participation in AM Best’s interactive rating process.