S&P Reinstates Korea’s LG Insurance Ratings

In a brief announcement Standard & Poor’s Ratings Services said it has reinstated its “BBB” financial strength and long-term counterparty credit ratings on Korea’s LG Insurance Co. Ltd.

S&P said it had taken the action “at the company’s request to meet the needs of policyholders and investors.”

“The outlook on the counterparty rating is stable,” S&P noted.”

It also indicated that it has reinstated the “BBB” rating on LG Insurance Co. Ltd. (U.S. branch), also with a stable outlook.