Tokio Marine Holdings Inc (8766.T)
26 May 2017
TOKYO Tokio Marine & Nichido Fire Insurance plans to increase its holdings of foreign credit products this fiscal year with a focus on long-term U.S. corporate debt, an investment planning official at the firm said on Tuesday.
(The following statement was released by the rating agency) TOKYO/HONG KONG, April 03 (Fitch) Fitch Ratings has affirmed Japan-based Tokio Marine & Nichido Fire Insurance Co., Ltd.'s (TMNF) Insurer Financial Strength (IFS) rating at 'A+'. The Outlook is Negative. TMNF is a core company of the consolidated Tokio Marine Holdings, Inc. (TMHD). KEY RATING DRIVERS The IFS rating reflects Fitch's expectation that TMHD will maintain its solid capitalisation and robust franchise. TMHD's financial metric
* Says it plans to retire 4.5 million common shares on March 31