Credit Ratings

Fitch Ragints Rating AFitch Ratings

Fitch Ragints
Fitch Ragints Rating
Rating Outlook Lastest update Homepage

A

Stable

Aug 13, 2018.

https://www.fitchratings.com

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  • Fitch Ratings-Singapore-13 August 2018 : Fitch Ratings has affirmed South Korea-based Construction Guarantee's (CG) Insurer Financial Strength rating (IFS) of 'A'.
    The Outlook is Stable.
Fitch Ratings-Singapore-13 August 2018: Fitch Ratings has affirmed South Korea-based Construction Guarantee's (CG) Insurer Financial Strength rating (IFS) of 'A'. The Outlook is Stable.
Major rating achievements
  • Construction Guarantee Cooperative received A rating from Fitch Evaluations which is one of the world’s top 3 international credit evaluation institutions, and outlook is stable.
  • Fitch Ratings granted A rating to Construction Guarantee Cooperative in consideration of its firm market position, sound equity base and strong support from the government, etc.
  • A rating which Construction Guarantee Cooperative received is identical or one notch higher than major domestic banks and is the highest rating among domestic construction guarantee institutions.

AM BEST Rating A+AM BEST

A.M. BESTA.M. BEST
AM BEST Rating
Rating (Evaluation) Outlook Lastest update Homepage

A+

Stable

Sep 21, 2018.

https://www.ambest.com

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  • Sept. 21, 2018 A.M.Best : A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Construction Guarantee Cooperative (CG) (South Korea).
    The outlook for both ratings is stable.
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Construction Guarantee Cooperative (CG) (South Korea). The outlook for both ratings is stable.
Major rating achievements
  • Construction Guarantee Cooperative received A+(Superior) rating from A.M.Best which is the world’s largest insurance company-specialized credit evaluation institution, and the outlook is stable.
  • A.M. Best granted A+ rating to Construction Guarantee Cooperative in consideration of its sound capital structure, superior position in the guarantee market for comprehensive construction industry and the key role performed within the construction industry, etc.
  • A+ rating granted to Construction Guarantee Cooperative is the second highest rating within A.M.Best’s rating system. This is the second highest rating among Korean property insurers. Among Asia-Pacific property insurers, only Samsung Fire and Tokyo Marine have A++rating which is higher than that of Construction Guarantee Cooperative.