Wellington: AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of 'bbb-' (Good) of New Zealand Medical Indemnity Insurance Limited (NZMII) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.

According to BERNAMA News Agency, the ratings reflect NZMII's balance sheet strength, which AM Best assesses as adequate. Additionally, the company's operating performance is deemed adequate, and it maintains a limited business profile. The enterprise risk management (ERM) of NZMII is considered appropriate, further supporting the affirmed ratings.