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FITCH RATINGS AFFIRMED RATING OF MALAYSIAN REINSURANCE BERHAD

30 Apr 2020

Fitch Ratings has affirmed Malaysian Reinsurance Berhad’s (Malaysian Re) Insurer Financial Strength (IFS) rating of ‘A’ (Strong) with a Stable Outlook.

The rating actions are based on Fitch's current assessment of the impact of the Coronavirus pandemic (COVID-19), including its economic impact, under a set of Fitch’s ratings assumptions.

A copy of the Press Release issued by Fitch Ratings dated 29 April 2020 is attached.

Malaysian Re is Malaysia’s leading reinsurance company and is a wholly-owned subsidiary of MNRB Holdings Berhad (MNRB).  Malaysian Re was first rated by Fitch Ratings in 2006.

Fitch Ratings is a leading global rating agency with dual-headquarters in New York and London covering entities in more than 90 countries, including IFS ratings on over 2,000 insurance companies.

For more information, please log on to www.malaysian-re.com.my.