The ratings reflect the enhanced commitment that SVI now receives as a subsidiary of Samsung Fire & Marine Insurance Co., Ltd (SFM) (
While there is no positive movement in the ratings considered in the short term, negative rating actions could occur if there is a material deterioration in SVIís risk-adjusted capitalization, driven by worse than expected profitability.
The methodology used in determining these interactive ratings is Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.
This rating announcement has been issued by
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Seewon Oh, +852-2827-3404
Senior Financial Analyst
Moungmo Lee, +852-2827-3402
Senior Manager, Public Relations
Assistant Vice President, Public Relations