KEY RATING DRIVERS
For this ratings review, the key rating driver was the impact of updated notching criteria. See most recently published rating action commentaries or research reports for additional information on other key ratings drivers pertinent to specific entity ratings.
RATING SENSITIVITIES
Not applicable to this portfolio review given its limited focus on implementation of updated notching criteria. See most recently published rating action commentaries or research reports for additional information on rating sensitivities pertinent to specific entity ratings.
SUMMARY OF RATING ACTIONS
A link to a summary report that details all of the rating actions taken as part of the portfolio review is available via the link in this media release.
The linked summary report includes:
--A full list of ratings and related rating actions
--A hyperlink to each rated entity's ratings summary page on the Fitch website
--Primary analyst and secondary analyst contact information
--Participation status
The review has resulted in six ratings being upgraded, two ratings being downgraded and 47 ratings being affirmed.
PREVIOUSLY REVIEWED ENTITIES
While included in the APAC insurance sector, the ratings for the following groups and entities were not reviewed as part of the portfolio review. These entities' ratings were previously updated to reflect the new notching criteria, with details available via the ratings announcement links below.