A.M. Best Affirms Credit Ratings of Hyundai Insurance (China) Co., Ltd.

HONG KONG–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Hyundai Insurance (China) Co., Ltd. (HIC) (China). The outlook of these Credit Ratings (rating) remains negative. The ratings reflect HIC’s balance sheet strength, which A.M. Best categorizes as strong, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management. HIC’s strong balance sheet strength i