Moody’s upgrades AIA

Moody's Investors Service said it upgraded AIA Group Ltd.'s issuer and senior unsecured rating to A1 from A2. The agency also raised AIA's subordinated debt ratings to A2 from A3.

Moody’s said it changed the outlook to stable from under review and concluded the review started on March 29.

The agency also changed the outlooks on AIA Co. Ltd. and AIA international are now also stable

“The upgrade of AIA's issuer and senior unsecured ratings to A1 from A2 follows the Insurance Authority of Hong Kong's (IA) announcement on May 14, 2021 to designate AIA Group Ltd. as the designated insurance holding company (DIHC) under the group-wide supervision (GWS) framework implemented on March 29, 2021,” Moody’s said in a press release.

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