Fitch assigns AEA International BBB- senior foreign currency rating

Fitch Ratings said it assigned a senior unsecured foreign currency rating of BBB- to AEA International Holdings Ltd., the parent of a global group managed from Singapore. The outlook is stable.

Fitch said the rating is supported by the solid performance and market position of the group, which provides emergency medical services to travelers and health care facilities to multinational companies undertaking projects in remote areas.

The primary constraint on the rating is the modest size of the group, which affords it less financial flexibility and resilience than an entity with larger capital reserves. And while the group maintains medical malpractice insurance, the nature of such risks means there can be no certainty that this is adequate in size and in scope.

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