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Muang Thai Life Assurance Co. Ltd. Dec 12 Product Image

Muang Thai Life Assurance Co. Ltd. Dec 12

  • ID: 2359445
  • December 2012
  • Region: Thailand
  • Standard & Poors

Strong and consistent operating performance Strong position in Thailand's competitive life insurance market Moderate capitalization relative to its risk profile Moderate liquidity reflecting the less developed capital market in Thailand 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...

Companies mentioned in this report are:
- Muang Thai Life Assurance Co. Ltd.

Action: Review

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: Full Analysis

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