Hanwha Life Insurance Co., Ltd.: Update following the rating downgrade
Our credit view of Hanwha Life Insurance Co., Ltd., reflecting its strong business profile and solid capitalization, offset by its weakened profitability and negative spread burden.Hanwha Life Insurance Co. is engaged in providing life insurance services and other related insurance services. Co.'s insurance products consist of survival insurance, death insurance, life and death mixed insurance, and group insurance. Co. also provides loan services. Co. has 7 supporting groups, 67 branches and 707 business offices throughout the Republic of Korea (South Korea).
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