The Japan P&I Club has had its Standard & Poor’s (S&P) insurance rating outlook raised after a profitable 2018 policy year that delivered an increase in free reserves.
In its annual review, Japan P&I revealed its S&P credit rating remained stable at BBB+ but that its outlook had been raised from “stable” to “positive”.
Japan P&I director general Hiroshi Sugiura said the revision was “due to strengthened capital”.
