NU Online News Service, May 18, 3:45 p.m. EDT
Moody's Investors Service said it will update its global methodology for rating insurers to provide more consistency and transparency to its rating process.
The changes apply to both property & casualty and life insurers, Moody's said.
Moody's said one change will be the rating agency's "explicit recognition of the insurer's local operating environment, which--together with the company's fundamental business and financial credit profile--helps to better explain Moody's insurance ratings in developing markets."
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