EconomyNext – Fitch Ratings Lanka has withdrawn Asian Alliance Insurance’s ‘BBB(lka)’, citing insufficient information to maintain them.
"Fitch Ratings Lanka has withdrawn Asian Alliance Insurance PLC’s National Insurer Financial Strength Rating and National Long-Term Rating of ‘BBB(lka)’," a statement said.
"The Sri Lanka-based company’s Insurer Financial Strength Rating of ‘B’ has also been withdrawn. All the ratings were on Rating Watch Negative.
"The ratings have been withdrawn due to insufficient information to maintain them. Fitch will no longer provide rating or analytical coverage of this issuer," it said.