Tuesday, December 28, 2010

Great Eastern Gets ‘AA–’ Credit Rating from S&P

Great Eastern Life Assurance Company Limited has been assigned the financial strength and counterparty credit rating of ‘AA–’ with a stable outlook by Standard & Poor’s Ratings Services.

Fang Ai Lian, Chairman of Great Eastern Holdings, said: “This rating reflects our very strong business profile, our superior capitalisation, and well-developed risk management framework. It is also a testament to our very strong business position within Singapore and Malaysia, our excellent branding and diversified product offerings.”

“This rating will be helpful in giving greater formal assurance to the various counterparties and customers with which we have regular dealings in the course of our business. It will also provide better corporate transparency to the investing community and financial markets,” Fang added.

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