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P&O Insurance fully redeems RM150 million Subordinated Notes

Published on 27 Jul 2022.

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RAM Ratings has received confirmation that Pacific & Orient Insurance Co. Berhad (P&O Insurance) fully redeemed the outstanding subordinated notes under its RM150 million Subordinated Notes Programme on 27 June 2022 and subsequently terminated the facility. Accordingly, we have withdrawn the programme’s A3/Negative rating and no longer have any rating obligation in respect of it.

We will maintain surveillance of P&O Insurance’s A2/Negative/P1 insurer financial strength ratings as well as the A3/Negative rating of its RM90 mil Subordinated Notes Programme. To date, there have not been any issuances under this programme.

 

Analytical contacts
Lee Yee Von
(603) 3385 2503
yeevon@ram.com.my

Sophia Lee
(603) 3385 2619
sophia@ram.com.my

 

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Published by RAM Rating Services Berhad
© Copyright 2022 by RAM Rating Services Berhad



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