S&P has a gloomy outlook for Chinese insurer
US ratings agency Standard & Poor's Ratings Services has placed its 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on China Insurance International Holdings Co. Ltd. (CIIH) and the 'BBB-' issue rating on the company's senior unsecured debt on CreditWatch with negative implications.
At the same time, Standard & Poor's also placed its 'A-' long-term counterparty credit and insurer financial strength ratings on China International Reinsurance Co. Ltd. (CIRe) on CreditWatch with
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