Korea’s construction sector slowdown, TY E&C concerns impact Construction Guarantee’s outlook

Fitch affirms ratings but downgrades outlook to stable, citing potential for claims due to liquidity issues at Taeyoung Engineering & Construction.

Share

Koreas construction sector slowdown ty ec concerns impact construction guarantees outlook

THIS PREMIUM INSIGHT IS FOR SUBSCRIBERS ONLY.

Stay ahead with precise, independent journalism of APAC's insurance markets.

Unlocked access today:

Already subscribed? Log in here

Read next

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool
asian-nat-cat-insurance-protection-gap-double-latin-americas
growth-in-sme-cyber-risks-calls-for-adjustments-in-cat-models-guy-carpenter
updated-australian-rainfall-anp-runoff-guidelines-forces-flood-risk-rethink
koreas-life-and-non-life-segments-see-contrasting-net-income-results-in-1h-2024
hong-kongs-direct-general-insurance-underwriting-profit-doubles-in-q2-2024
reinsurers-achieve-highest-returns-on-equity-in-over-a-decade
asia-pacific-insurers-urged-to-improve-data-gaps-to-improve-nat-cat-risk-pricing
hard-reinsurance-market-to-remain-for-at-least-two-more-years-am-best
number-of-insurance-affordability-stressed-households-in-australia-rose-30-in-last-year-actuaries-institute

Share this article