AIA Group Ltd (1299.HK)
15 Dec 2017
Thu, Nov 23 2017
(The following statement was released by the rating agency) HONG KONG, November 23 (Fitch) Fitch Ratings has upgraded AIA Group Limited's (AIA) Long-Term Issuer Default Rating (IDR) to 'AA-' from 'A+' and affirmed the Insurer Financial Strength Ratings of AIA Company Limited and AIA International Limited at 'AA'. The Outlook is Stable. The upgrade of AIA's IDR follows ongoing discussions with management, and Fitch's expectation that the group will maintain low financial leverage and very strong
HONG KONG Synchronized global growth and the likely slow path that the U.S. Federal Reserve will take in raising interest rates and trimming its balance sheet means the market environment "does not get much better than this," the CIO of insurer AIA Group said.
* Synchronised growth, slow pace of Fed hikes benign for markets
* AIA agreed to acquire CBA's insurance unit last month (Adds details on China and Hong Kong business, share price)
Oct 20 AIA Group Ltd, the world's third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong.
* annualised new premiums up 3 percent to $1.37 billion for qtr
BANGKOK, Oct 12 Bangkok Bank PCL has reached a new 15-year distribution agreement for a strategic bancassurance partnership with Hong Kong’s AIA Group LTD , the companies said on Thursday.
(The following statement was released by the rating agency) HONG KONG, September 28 (Fitch) Fitch Ratings has affirmed AIA Company Limited's and AIA International Limited's Insurer Financial Strength Ratings of 'AA' and AIA Group Limited's (AIA) Long-Term Issuer Default Rating of 'A+'. The Outlook is Stable. The ratings affirmation reflects our view that AIA's credit profile will remain solid following the proposed acquisition of Commonwealth Bank of Australia's (CBA; AA-/Stable) life insurance
SYDNEY Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong-based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm.
* CBA's $3.05 bln asset sale follows NAB's life insurance sale