Moody's Investors Service in Tokyo said despite regulatory actions taken against Mitsui Sumitomo Insurance Co., Japan's second largest property insurer, it has improved its outlook for the carrier.
The rating firm also said it is considering an upgrade for two other large Japanese insurers.
Moody's said the outlook for Mitsui Sumitomo has improved from stable to positive and affirmed the company's financial strength rating of "Aa3."
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