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Asian Alliance’s claims-paying ability unaffected says RAM

Aug 24, 2011 5:35:55 AM - www.ft.lk

 

RAM Ratings Lanka said today it views the recent acquisition of Asian Alliance Insurance Plc by the Softlogic Group will not have any rating implications on the Company’s BBB- claims-paying-ability rating at present.
"The outlook on the long-term rating remains stable. In the near term, there will not be any material change in AAI’s business and financial profiles as the benefit of potential operational and financial synergies with the new shareholder will only be realized over the medium to long term," RAM said.

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