SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Lifetime Income Limited (LIL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect LIL’s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
