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Article: Fitch Affirms El Pacifico Vida's IFS at 'BBB-'; Outlook Positive.
- Article from:
- Business Wire
- Article date:
- June 4, 2008
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NEW YORK -- Fitch Ratings has affirmed the international scale Insurer Financial Strength (IFS) rating of El Pacifico Vida Compania de Seguros y Reaseguros (Pacifico Vida) at 'BBB-'. The Rating Outlook is Positive.
Pacifico Vida ratings reflect its above-average profitability sustained by a controlled loss ratio, conservative asset and liability management, moderate leverage ratios and strong distribution channels that yield a strong market share within the Peruvian insurance market. Also, conservative subscription policies, strong corporate governance rules and effective management tools benefit the rating. A better dilution of operating costs, a broader ...