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AM Best has commented that the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Mandal Daatgal JSC remain unchanged. This comment follows the recent uncertainty surrounding the credit profile of Mandal’ s major treaty and facultative reinsurers. Based on AM Best’ s exchange with Mandal’ s management, these reinsurers have a. ....
AM Best Assigns Credit Ratings to Mandal Daatgal JSC AM Best Assigns Credit Ratings to Mandal Daatgal JSC AM Best has assigned a Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ to Mandal Daatgal JSC (Mandal) (Mongolia). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mandals balance sheet strength, which AM Best categorises as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). Mandals strong balance sheet strength assessment is underpinned by its strongest level of risk-adjusted capitalisation, as measured by Bests Capital Adequacy Ratio (BCAR), albeit the absolute size of its capital and surplus (C&S) remains small. Mandal was the first insurance company to be listed on the Mongolia stock exchange through an initial public offering in 2018. The companys C&S grew by 160% in 2018, supported by both the capital rai ....
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Assigns Credit Ratings to Mandal Daatgal JSC December 14, 2020 GMT HONG KONG (BUSINESS WIRE) Dec 14, 2020 AM Best has assigned a Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” to Mandal Daatgal JSC (Mandal) (Mongolia). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mandal’s balance sheet strength, which AM Best categorises as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). Mandal’s strong balance sheet strength assessment is underpinned by its strongest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), albeit the absolute size of its capital and surplus (C&S) remains small. Mandal was the first insurance company to be listed on the Mongolia stock exc ....
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