Tong Yang Life Insurance Co., Ltd.: New issuer - Solid capitalization and low financial leverage, but uncertainty surrounding its ultimate ownership
Our credit view of Tong Yang Life, reflecting its solid capitalization and low standalone financial leverage, offset by a weak distribution control and uncertainty surrounding its ownership.Tong Yang Life Insurance is engaged in life insurance business. Co. provides life insurance, death insurance, life and death mixed insurance, group life insurance, whole life insurance, term insurance, critical illness insurance, sickness insurance and accident insurance, as well as savings insurance, pension insurance and retirement insurance.
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