S&P Says It Has Revised Japan Insurer's Rating Outlook to Stable.
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Dec. 1--TOKYO--Standard & Poor's (S&P) said Monday it has revised the outlook on its ratings on Nisshin Fire & Marine Insurance Co. to stable from negative.
Its BBB-minus financial strength and counterparty credit ratings on the insurer has been affirmed, the U.S. rating agency said.
The rating action reflects the expectation that Nisshin Fire will be able to maintain its financial profile at the current level even amid the difficult operating environment for the Japanese nonl
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