Published on 27 Jul 2022.
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 Accordingly, we have withdrawn the programme’s A3/Negative rating and no longer have any rating obligation in respect of it.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.
Lee Yee Von
(603) 3385 2503
(603) 3385 2619
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Ratings on Pacific & Orient Insurance Co. Berhad