In a brief announcement Standard & Poor’s Ratings Services said it has reinstated its “BBB” financial strength and long-term counterparty credit ratings on Korea’s LG Insurance Co. Ltd.
S&P said it had taken the action “at the company’s request to meet the needs of policyholders and investors.”
“The outlook on the counterparty rating is stable,” S&P noted.”
It also indicated that it has reinstated the “BBB” rating on LG Insurance Co. Ltd. (U.S. branch), also with a stable outlook.
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
