AM Best has affirmed the Financial Strength Rating (FSR) of C (Weak) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “ccc+” (Weak) of PT Asuransi Jasa Indonesia (Asuransi Jasindo) (Indonesia). The outlook of the FSR is stable, while the outlook of the Long-Term ICR is negative. Concurrently, these Credit Ratings (ratings) have been withdrawn as the company has requested to no longer participate in AM Best’s interactive rating process.
The ratings reflect Asuransi Jasindo’s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management
Source: NAM NEWS NETWORK