S&P assigns Construction Guarantee BBB

Standard & Poor's said it assigned its BBB long-term counterparty credit and insurer financial strength ratings to Construction Guarantee.

The outlook is stable.

The rating on Construction Guarantee reflects its strong capitalization, dominant market position in the construction guarantee insurance sector, which can be attributed to supportive laws and good liquidity position, the agency said.

S&P noted that these factors are offset by the high concentration risk of the construction industry, weak risk management and the company's relatively high sensitivity to changes in the regulatory environment.

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