Fitch affirms People’s Insurance at ‘A+(lka)’; Outlook Stable | Daily News


Fitch affirms People’s Insurance at ‘A+(lka)’; Outlook Stable

Fitch Ratings has affirmed Sri Lanka based People’s Insurance PLC’s (People’s Insurance) National Insurer Financial Strength (IFS) Rating at ‘A+(lka)’. The outlook is stable.

The affirmation reflects the company’s moderate business profile, good financial performance and capitalisation as well as its prudent investment mix.

People’s Insurance’s moderate business profile reflects its favourable competitive position, which is balanced by its moderate operating scale, business risk profile and diversification. The business profile benefits from a substantive business franchise and competitive advantages through its association with the strong “People’s” brand.

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