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Bangkok Insurance And Dhipaya Insurance 'A-' Ratings Placed On CreditWatch Negative On Likely Flood Losses Nov 11
Standard & Poors, Nov 2011
Abstract
Bangkok Insurance and Dhipaya Insurance have significant risk exposure to flood-affected areas in Thailand. Loss estimates are still evolving, but the companies' earnings and capital positions could weaken if the losses are at the higher end of the expected range. We are placing the ratings on the two Thai insurers on CreditWatch with negative implications. HONG KONG (Standard & Poor's) Nov. 22, 2011--Standard & Poor's Rating Services said today that it placed its 'A-' long-term counterparty credit and insurer financial strength ratings on Thailand-based insurers Bangkok Insurance Public Co. Ltd. and Dhipaya Insurance Public Co. Ltd. on CreditWatch with negative implications. We also placed our 'axAA' ASEAN scale rating on the companies on CreditWatch with negative implications. The CreditWatch action...
Companies mentioned in this report are: Bangkok Insurance Public Co. Ltd.,Dhipaya Insurance Public Co. Ltd.
Action: On CreditWatch:Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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