Summary: Muang Thai Life Assurance Co. Ltd. Dec 12
- ID: 2359409
- December 2012
- Region: Thailand
- Standard & Poors
The rating on Muang Thai Life Assurance Co. Ltd. reflects the company's strong and consistent operating performance and its robust and rapidly growing business in Thailand's competitive life insurance industry. The company's moderate capitalization and liquidity due to constraints in the domestic investment environment temper these strengths. Muang Thai Life is strategically important to its largest shareholder (38%) KASIKORNBANK PCL (KBank; BBB+/Stable/A-2; axA+/axA-1). Ageas Group (core operating entities insurer financial strength rating A-/Stable/--) (31%) and the Lamsam family (31%) are the other two shareholders. Because Muang Thai Life is a subsidiary of a banking group, the ratings on the company reflect our bank criteria's insulated rating approach. We expect the resource fungibility between Muang Thai Life and the parent group...
Companies mentioned in this report are:
- Muang Thai Life Assurance Co. Ltd.
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