SINGAPORE, Jan 20
(Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to stable from
positive, and affirmed the Financial Strength Rating of A- (Excellent) and the
Long-Term Issuer Credit Rating of “a-” of New India Assurance Company
Limited (New India) (India).
While the company remains profitable overall, its pretax margin has weakened, as underwriting performance for the 12 months to March 2016 and the six months to September 2016 has deteriorated and fallen behind its projections.
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