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A.M. Best Places Ratings of Hyundai Insurance (China) Co., Ltd. Under Review With Negative Implications

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HONG KONG--(BUSINESS WIRE)--A.M. Best has placed under review with negative implications the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Hyundai Insurance (China) Co., Ltd. (HIC) (China). The under review status reflects the material increases in HIC’s credit and liquidity risks due to losses caused by the explosions at Tianjin port on Aug. 14, 2015. According to various media sources, Hyundai Motor Company (Hyundai Motor), Korea’s major car maker, had ab

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