Manila: AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of 'bbb' (Good), and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these credit ratings is stable.

According to BERNAMA News Agency, the ratings reflect Nat Re's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management. The affirmation of these ratings indicates confidence in Nat Re's financial stability and operational capabilities within the reinsurance industry.