Moody's assigns Ba1(hyb) to FWD Limited's USD subordinated perpetual capital securities
Hong Kong, January 09, 2017-- Moody's Investors Service has assigned a Ba1 rating to FWD Limited's subordinated perpetual capital securities. Moody's currently carries a Baa2 issuer rating on FWD Limited with a negative outlook, reflecting Moody's view that the benefits to holding company creditors gained from diversification from FWD General Insurance Company Limited, the non-life insurance subsidiary of FWD Limited, through contributions of dividends, have become less...
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