News China25 Aug 2017

Dagong cuts Anbang's rating on premium plunge

25 Aug 2017

Anbang Insurance Group has little room left to incur incremental debt and the supporting conditions for its debt repayment are no longer as solid as before, says Chinese credit rating agency, Dagong Global Credit Rating as it cuts the insurer's issuer rating from AAA to "AA+" with a negative outlook.

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