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A.M. Best Affirms Ratings of Product Care (NZ) Limited

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SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Product Care (NZ) Limited (PCL) (New Zealand). The outlook for both ratings is stable. The rating affirmations for PCL reflect its adequate risk-adjusted capitalization, prospective favorable underwriting results and conservative investment strategy. PCL’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, is adequate for its rating lev

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