News Non-Life29 Apr 2021

Japan:Fitch revises outlook on Mitsui Sumitomo Insurance to 'Stable'

| 29 Apr 2021

Fitch Ratings has revised the outlook on Mitsui Sumitomo Insurance's (MSI) Insurer Financial Strength (IFS) Rating and Long-Term Issuer Default Rating (IDR) to 'Stable' from 'Negative'. At the same time, the global credit rating agency has affirmed the IFS Rating at 'A+' (Strong), and IDR at 'A'. Fitch has simultaneously affirmed the rating on MSI's US dollar subordinated debt at 'A-'.

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