SINGAPORE, Feb 29 (Bernama) -- A.M. Best has revised the outlook to
negative from stable and affirmed the financial strength rating of A-
(Excellent) and the issuer credit rating of "a-" of ECICS Limited
(ECICS) (Singapore).
The revised outlook reflects the decline in the company's operating
performance due to weakened demand and competition in ECICS' core
business. Since inception, ECICS has focused on construction bond and
trade credit insurance, which are small and cyclical segments of the
market.
http://www.bernama.com/bernama/v8/newsindex.php?id=1220182
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