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New India Assurance Co. Ltd. ( (IN:NIACL) ) has issued an announcement.
The New India Assurance Company Limited has received a positive revision in its credit rating outlook from A.M. Best, moving from stable to positive, while affirming its Financial Strength Rating of B++ and Long-Term Issuer Credit Rating of ‘bbb+’. The revision reflects improvements in the company’s enterprise risk management, including enhanced risk management frameworks and strengthened internal controls, which are expected to continue addressing audit qualifications. This development underscores the company’s robust balance sheet, strong risk-adjusted capitalisation, and favorable business profile, positioning it well within the industry.
More about New India Assurance Co. Ltd.
The New India Assurance Company Limited operates in the insurance industry, providing a range of insurance products and services. It focuses on offering general insurance solutions and is a prominent player in the Indian market, with the Government of India as its majority owner.
Average Trading Volume: 40,384
Technical Sentiment Signal: Sell
Current Market Cap: 262B INR
See more data about NIACL stock on TipRanks’ Stock Analysis page.