A.M. Best Affirms Credit Ratings of Sovereign Assurance Company Limited

SINGAPORE–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Sovereign Assurance Company Limited (Sovereign) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sovereign’s strong risk-adjusted capitalization, good operating performance and favorable business profile. A.M. Best expects Sovereign’s risk-adjusted capitalization to be maintained at a strong level. Despite