Seoul: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for Meritz Fire and Marine Insurance Co., Ltd. (Meritz) in South Korea. The outlook for these credit ratings remains stable.

According to BERNAMA News Agency, the ratings reflect Meritz's balance sheet strength, which AM Best assesses as very strong. Additionally, Meritz benefits from strong operating performance, a neutral business profile, and appropriate enterprise risk management.