Fitch Affirms Japan's Asahi Life at IFS 'BB'; Outlook Positive

April 24, 2015 6:17 AM

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(The following statement was released by the rating agency) TOKYO, April 24 (Fitch) Fitch Ratings has affirmed Japan-based Asahi Mutual Life Insurance Co.'s (Asahi Life) Insurer Financial Strength (IFS) rating at 'BB'.

The Outlook is Positive. KEY RATING DRIVERS The IFS rating reflects Asahi Life's steadily improving but still-weak capital adequacy compared with its peers' as well as its resilient insurance underwriting, supported by the company's strategic focus on the profitable third (health) sector. This is pa...

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