Hanoi: AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of 'bbb+' (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) for Fubon Insurance Vietnam Co., Ltd. (Fubon Vietnam). The outlook for these credit ratings remains stable.
According to BERNAMA News Agency, these ratings reflect Fubon Vietnam's strong balance sheet strength, adequate operating performance, limited business profile, and appropriate enterprise risk management. Additionally, the ratings benefit from the support of its parent company, Fubon Insurance Co., Ltd., a leading non-life insurer based in Taiwan.