CORRECTING and REPLACING AM Best Assigns Credit Ratings to Bank of China Group Insurance Company Limited


Source: intellasia.net

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HONG KONG--(BUSINESS WIRE)--Fourth paragraph, first sentence of release dated October 30, 2020, should read: BOCGI’s adequate operating performance is supported by a five-year average return-on-equity ratio of 8.4% (instead of BOCGI’s adequate operating performance is supported by a five-year average return-on-equity ratio of 8.1%). The updated release reads: AM BEST ASSIGNS CREDIT RATINGS TO BANK OF CHINA GROUP INSURANCE COMPANY LIMITED AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” to the Bank of China Group Insurance Company Limited (BOCGI) (Hong Kong). The outlook assigned to these Credit Ratings (ratings)...