Fitch gives AA IFSR to AIA

Fitch Ratings said it published AIA Co. Ltd.’s insurer financial strength rating of AA and AIA Group Ltd.’s long-term issuer default rating of A+.

The outlook is stable.

At the same time, the agency assigned AIA International Ltd. an insurer financial strength rating of AA with a stable outlook.

Fitch said the issuer ratings reflect AIA Group's solid market franchise, sound financial performance, conservative investment mix and strong capitalization. AIA Co. and AIA International are considered core operating entities of AIA Group under Fitch's group rating methodology; their insurer financial strength ratings are based on the aegncy’s evaluation of the strength of AIA Group as a whole. AIA Co., which is directly and 100%-owned by AIA Group, is the group's primary operating subsidiary.

AIA International is a wholly owned subsidiary of AIA Co. and has branches and subsidiaries located in various markets, including Hong Kong, which is the biggest earnings contributor.

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