HONG KONG–(BUSINESS WIRE)–A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Hyundai Marine & Fire Insurance Co., Ltd. (HMF) (South Korea). The revised rating outlook reflects HMF’s increased asset leverage over the past five years, leaving the company’s capitalization more susceptible to asset value fluctuation. This is also reflected by lower risk-adjusted capitalization,
