ASIA Ltd Claims-Paying Ability Rated 'BBB-' By Fitch IBCA - Fitch IBCA -.

PR Newswire | December 3, 1998 | Copyright

NEW YORK, Dec. 3 /PRNewswire/ -- Fitch IBCA rates Asian Securitization & Infrastructure Assurance (Pte) Ltd's (ASIA Ltd) claims-paying ability 'BBB-.' ASIA Ltd is a Singapore-based financial guarantor that began operations in 1996, but stopped writing new business early this year in conjunction with the onset of Asia's economic crisis. The company's claims-paying resources consist of $150 million of paid-in capital plus surplus and a $100 million excess-of-loss reinsurance agreement. ASIA Ltd's $1.1 billion insured portfolio consists mostly of sovereign, asset-backed, ...

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