OREANDA-NEWS. Fitch Ratings has affirmed Hong Kong-based ABCI Insurance Company Limited's (ABCI) Insurer Financial Strength (IFS) Rating at 'A-' The Outlook is Stable.

ABCI is rated one-notch above its standalone credit profile, reflecting its operating synergies and capital contribution from its ultimate parent, Agricultural Bank of China Limited (ABC, Long-Term Issuer Default Rating: A/Stable). ABCI's standalone rating considers the company's strong capitalisation and favourable operating performance. However, the rating also factors in company's small market share in Hong Kong non-life insurance industry (0.5% in terms of gross premium written in 2015) and catastrophe exposures in China.