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LONDONRating agency Moody's Investors Service has assigned a first-time insurance financial strength rating of A3 with stable outlook to South Korean non-life insurance company Meritz Fire & Marine Insurance Co Ltd.
Moody's said that the rating reflects MFM's strong market position and established franchise as one of the major non-life insurance companies in South Korea. It also stressed the group's stable profit margins and strong financial flexibility.