Fitch affirms CIIH ratings
Fitch Ratings has affirmed China Insurance International Holding's (CIIH) long-term rating at 'BBB-' (BBB minus). At the same time, the agency has affirmed the senior debt rating of 'BBB-' (BBB minus) assigned to the guaranteed issue by the wholly owned subsidiary CIIH (BVI) and the ratings of China International Reinsurance (CIRe) and Tai Ping Life Insurance (TPL) - both subsidiaries of CIIH - at Insurer Financial Strength 'A-' (A minus) and 'BBB+', respectively. The outlook for all the ratings is stable.
The ratings reflect the continued progress made by the life and non-life insurance operating companies of the group in the People's Republic of China (PRC), generally good levels of capitalisationOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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