Moody's alters ZhongAn view to positive

Moody's Investors Service said it affirmed ZhongAn Online P&C Insurance Co., Ltd.'s Baa2 senior unsecured debt rating and changed its outlook to positive from stable.

“The change in outlook to positive from stable reflects ZhongAn's improved market position and profitability with consistent double-digit premium growth, more diversified product mix and focus on profitable business lines. Moody's expects the insurer will continue to improve its profitability while building its scale and to maintain a solid capitalization,” the agency said in a press release.

Moody’s rates ZhongAn’s senior unsecured notes due 2025 and 2026.

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