AM Best Removes Under Review With Negative Implications Status and Affirms Credit Ratings of Hotai Insurance Co., Ltd.

HONG KONG, September 15, 2023--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan). The outlook assigned to the FSR is stable, while the outlook assigned to the Long-Term ICR is positive.

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