A.M. Best Downgrades Ratings of China’s Hyundai Insurance After Tianjin Blast

A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Hyundai Insurance (China) Co. Ltd., or HIC. Following these actions, the ratings remain under review with negative implications. …

from News – Insurance Journal