Moody’s upgrades AIA, subsidiaries

Moody's Investors Service said it upgraded the issuer rating and the senior unsecured debt ratings of AIA Group Ltd. to A2 from A3.

At the same time, the agency upgraded the insurance financial strength ratings of AIA Co. Ltd. (AIA Co) and AIA International Ltd. to Aa2 from Aa3.

The outlook is now stable.

Moody’s said the upgrade on AIA and its subsidiaries recognizes the group's strong financial profile, including its strong financial flexibility, maintenance of a strong earnings track record and its strong capitalization.

The group achieved these outcomes through adhering to a prudent financial policy, as well as offering low-risk products, the agency added.

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