Bangkok: AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to ‘bbb’ (Good) from ‘bbb-‘ (Good) of Asian Reinsurance Corporation (Asian Re), which is based in Thailand. The outlook of these credit ratings has been revised to stable from positive.

According to BERNAMA News Agency, the ratings reflect Asian Re’s balance sheet strength, which AM Best assesses as strong. Additionally, the company’s operating performance is deemed adequate, while its business profile is considered limited. Furthermore, Asian Re’s enterprise risk management (ERM) is evaluated as appropriate, contributing to the overall positive assessment of the company’s creditworthiness.