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Moody’s reviews AIA for upgrade
Moody's Investors Service said it placed the ratings of AIA Group Ltd. on review for upgrade, which include its A2 issuer and senior unsecured rating, (P)A2 senior unsecured medium-term note program rating, A3 and A3(hyb) subordinated debt rating and (P)A3 subordinated MTN program rating.
The outlook was changed to review for upgrade from stable.
The review for upgrade of AIA's ratings reflects the implementation of groupwide supervision (GWS) by Hong Kong Insurance Authority on March 29. Moody's expects GWS will become effective for AIA following the designation of AIA Group Ltd. as the Designated Insurance Holding Company (DIHC) by the IA.
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