AM Best upgrades credit rating of CNOOC captive

AM Best has upgraded the long-term issuer credit rating (ICR) to “a+” (excellent) from “a” (excellent) and affirmed the financial strength rating (FSR) of A (excellent) of Barbados-domiciled ICM Assurance (ICMA).

The outlook of the long-term ICR has been revised to stable from positive while the outlook of the FSR is stable.

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