AM Best Affirms Credit Ratings and Assigns National Scale Rating to Petrolimex Insurance Corporation

SINGAPORE--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam). Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PJICO. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PJICO’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performanc