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Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Lifetime Income Limited January 22, 2021 GMT SINGAPORE (BUSINESS WIRE) Jan 22, 2021 AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Lifetime Income Limited (LIL) (New Zealand). These Credit Ratings (ratings) were placed under review with negative implications on 5 November 2020, following regulatory licence conditions imposed on the company by the Reserve Bank of New Zealand (RBNZ), which require LIL to hold additional capital margins in excess of existing regulatory minimums. These licence conditions followed volatility in the company’s regulatory solvency position, with breaches of the minimum solvency margin identified in fiscal-year 2020. Subsequently, LIL’s parent gro

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