A.M. Best Places Ratings of MERITZ Fire & Marine Insurance Company, Ltd. Under Review.OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb+" of MERITZ Fire & Marine Insurance Company, Ltd. (South Korea) under review with positive implications. The rating actions follow MERITZ's recent announcement to its shareholders a rights offering worth KRW KRW In currencies, this is the abbreviation for the Korean Won. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 204.4 billion (approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 221 million.). A.M. Best believes that MERITZ's risk-adjusted capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. will increase substantially after the offer. The ratings will remain under review until after the full execution of the rights offer, which is expected to take place in August 2007. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion