ECICS gets credit rating downgrades from AM Best
Singapore
RATING agency AM Best has downgraded the financial strength rating for ECICS (Singapore) to "B++" (good) from "A-" (excellent).
It has also lowered the long-term issuer credit rating for the company to "bbb+" from "a-", and revised the outlook of the credit ratings to stable from negative.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands