SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Provident Insurance Corporation Limited (PICL) (New Zealand). The outlook for both ratings remains stable. The ratings reflect PICL’s adequate capital position and business profile. PICL’s risk-adjusted capitalization remains adequate and is supported by shareholder commitment to not pay any dividends until 2019. PICL’s business profile benefits from the busine
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