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AM Best affirms Strength and Credit Ratings for Petronas’s pure captive Energas, but downgrades Outlook to ‘Negative’

Energas has a strong balance sheet, but had a combined ratio of 106% in 2022 and is vulnerable to large losses from its energy-focused portfolio.
Am best affirms strength and credit ratings for petronass pure captive energas but downgrades outlook to negative  rein asia
June 5, 2023

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2 min read
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