(Photo= Yonhap news)

[Alpha Biz= Reporter Kim Sangjin] Hanwha Life announced on the 27th that it has obtained an 'AA+(Positive)' credit rating for its insurance payout ability from major Korean credit rating agencies, Korea Credit Rating and NICE Credit Rating. This upgrade comes as an improvement from the previous 'AA+(Stable)' rating.

Hanwha Life cited stable earnings generated primarily through its subsidiary-type GA (corporate agency), Hanwha Life Financial Services, and a stable capital adequacy ratio of 184% under the K-ICS regime as the basis for the upgraded outlook.

Earlier this month on the 11th, global credit rating agency Moody's also upgraded Hanwha Life's credit rating from A2 (Stable) to A2 (Positive).

 

 

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