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S & P Rating on se asia insurance companies
( The rating is as of 9th July, 2000 ) Summary of S & P Insurance Ratings | Rating definition | Menu
Summary of Standard and Poor's Insurance Ratings
in SE Asia as of July 9th, 2000
| Country | No. of Insurance Companies Rated | AAA | AA | A | BBB |
| China | 2 | 2 | 0 | 0 | 0 |
| Hong Kong | 22 | 3 | 2 | 6 | 3 |
| Indonesia | 3 | 0 | 0 | 0 | 0 |
| Malaysia | 8 | 1 | 1 | 1 | 4 |
| Philippines | 3 | 0 | 0 | 0 | 0 |
| Singapore | 19 | 1 | 6 | 3 | 8 |
| Taiwan | 11 | 1 | 1 | 0 | 3 |
| Thailand | 9 | 1 | 0 | 0 | 1 |
Insurer's Financial Strength Ratings Definitions 
An insurer rated 'BBB' or higher is regarded as having financial security characteristics that outweigh any vulnerabilities and is highly likely to have the ability to meet financial commitments.
AAA - has EXTREMELY STRONG financial security characteristics. 'AAA' is the highest Insurer Financial Strength Rating assigned by Standard & Poors.
AA - has VERY STRONG financial security characteristics, differing only slightly from those rated higher.
A - has STRONG financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings.
BBB - has GOOD financial security characteristics, but is more likely to be affected by adverse business conditions than are higher rated insurers. An insurer rated "B" or lower is regarded as having vulnerable characteristics that may outweigh its strength. "BB" indicates the least degree of vulnerability within the range "CC" the highest.
Plus(+) or minus(-) signs following ratings from to "CC" show relative standing within the major rating categories.
CreditWatch highlights the potential direction f a rating, focusing on identifiable events and short-term trends that cause ratings to be placed under special surveillance by Standard & Poor's. The mergers may include mergers, recapitalisations, voter reference, regulatory actions or anticipated operating developments. Ratings appear on CreditWatch when such an event or a deviation from an expected trend occurs and additional information is needed to evaluate the rating. A listing, however, does not mean a ration change is inevitable and whenever possible, a range of alternative ratings will be shown.
CreditWatch is not intended to include all ratings under review, and rating changes may occur without the ratings having first appeared on CreditWatch. The 'positive' designation means that a rating may be lowered; 'developing' means that a rating may be raised, lowered or affirmed.
Pl rating, denoted with a 'pi' subscript, are Insurer Financial Strength Ratings based on a an analysis of published financial information and additional information in the public domain. They do not reflect indepth meetings with an insurer' management and are therefore based on less comprehensive information than ratings without a 'pi' subscript. 'pi' ratings are reviewed annually based on a new year's financial statements, but may be reviewed on an interim basis if a major event that may affect an insurer's financial security occurs. 'pi' ratings are not modified with '+' or '-' designations, nor are they subject to potential CreditWatch listings.
