Recently, Standard & Poor’s officially announced and confirmed that China Re Group, as well as China Re P&C and China Re Life, its core subsidiaries, were given an “A” rating for their long-term financial strength rating and ICR, the rating outlook is stable.
Standard & Poor’s stated that the rating not only reflected the leading position of China Re Group in the reinsurance market of China and its good capital position, but also the high possibility of obtaining special support from the Chinese government.
Standard and Poor’s Rating Services is internationally regarded as one of the three most authoritative credit rating agencies. Its rating standards and rating results are widely recognized by the global financial investment industry.
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