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.

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Am best affirms strength and credit ratings for petronass pure captive energas but downgrades outlook to negative
Am best affirms strength and credit ratings for petronass pure captive energas but downgrades outlook to negative
Am best affirms strength and credit ratings for petronass pure captive energas but downgrades outlook to negative
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Am best affirms strength and credit ratings for petronass pure captive energas but downgrades outlook to negative

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