Fitch ups China Insurance view to stable

Fitch Ratings said it changed the outlooks on China Insurance International Holdings Co. Ltd. and its subsidiaries, China International Reinsurance Co. Ltd. and Tai Ping Life Insurance Co. Ltd. to stable from negative.

Fitch also affirmed the company's issuer default rating at BBB, as well as the subsidiaries' ratings at insurer financial strength A- and BBB+ respectively. Wholly-owned subsidiary CIIH (BVI) Ltd.'s $175 million unsecured senior debt issue, guaranteed by China Insurance, is affirmed at BBB-.

The outlook change reflects the significant improvement in the group's consolidated capital position, Fitch said.

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