Fitch Affirms Tugu Reasuransi Indonesia at IFS 'A(idn)'/Stable

April 13, 2015 8:01 AM

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(The following statement was released by the rating agency) JAKARTA/SINGAPORE, April 13 (Fitch) Fitch Ratings has affirmed PT Tugu Reasuransi Indonesia's (Tugu Re) National Insurer Financial Strength (IFS) Rating at 'A(idn)' with Stable Outlook. 'A' National IFS Ratings denote a strong capacity to meet policyholder obligations relative to all other obligations or issuers in the same country, across all industries and obligation types.

However, changes in circumstances or economic conditions may affect the capacity for payment of policyholder obligations to a greater degree than for financial commitments denoted by a higher rated category. KEY RATING DRIVERS The rating reflects Tugu Re's steadily growing market presence in the Ind...

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