SINGAPORE, November 22, 2023 AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam). Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PJICO. The outlook of these Credit Ratings (ratings) is stable.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to“ bbb” from“ bbb-” of Petrolimex Insurance Corporation. The outlook of these Credit Ratings has been revised to stable from positive. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating.