HONG KONG, Aug 9 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of INPEX Insurance, Ltd. (IIL) (Bermuda). IIL is a single-parent captive of INPEX CORPORATION (INPEX), Japan’s largest oil and gas exploration and production company. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect IIL’s strong risk-adjusted capitalization and favorable operating performance. The ratings also consider IIL’s affiliation with and importance to its ultimate parent, INPEX.
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