S&P affirms Shinkong Insurance

Standard & Poor's said it affirmed its BBB+ insurer financial strength and counterparty credit ratings on Shinkong Insurance Co. Ltd.

The outlook is positive.

"The ratings on Shinkong Insurance reflect the company's good market position, satisfactory operating performance, liquid investment portfolio and adequate capitalization," said S&P credit analyst Connie Wong.

"Counterbalancing factors include concentration risk in the insurer's group-related investments."

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