Hanoi: AM Best has assigned a Financial Strength Rating of B++ (Good), a Long-Term Issuer Credit Rating of ‘bbb’ (Good), and a Vietnam National Scale Rating of aaa.VN (Exceptional) to Military Insurance Corporation (MIC) in Vietnam. The outlook for these credit ratings is stable.

According to BERNAMA News Agency, the ratings reflect MIC’s strong balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management. These factors contribute to the overall positive assessment of the company. Additionally, the ratings take into account a neutral impact from the company’s ultimate parent, Military Commercial Joint Stock Bank (MB).