Published on 19 Apr 2023.
RAM Ratings has withdrawn the following ratings of Pacific & Orient Insurance Co. Berhad (P&O Insurance) at the Insurer’s request. At the time of rating withdrawal, RAM had rating coverage on P&O Insurance for the following:
Insurer Financial Strength Ratings
20 Jan 2023
Proposed RM90 million Perpetual Subordinated Notes Programme
Consequently, we no longer have any rating obligations or analytical coverage in respect of P&O Insurance.
Lee Yee Von
(603) 3385 2503
(603) 3385 2619
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.
RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.
Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
Published by RAM Rating Services Berhad
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Ratings on Pacific & Orient Insurance Co. Berhad