Standard & Poor's has upgraded the outlook on Japan and with it six of the nation's leading insurers.
The New York-based ratings agency said that improved economic prospects in the island nation prompted the more favorable outlook on sovereign ratings.
Among the factors that have contributed are the restructuring of the private sector, the turnaround in the banking sector through the resolution of bad loan problems, and elimination of deflationary pressure, S&P found.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
