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Credit Rating Report

Rating RATIONALE:

Asia Pacific General Insurance Company Ltd. has been rated by Alpha Credit Rating Limited (Alpha Rating) on the basis of Audited Financial Statement for the year ended December 31, 2016. The summary of year wise rating position is presented below:

Date of Declaration

Date of Validity

Long Term

Short Term

Out Look

May 22, 2017

May 21, 2018

AA-

ST-1

Stable

May 04, 2016

May 03, 2017

A+

AR-2

Stable

February 19, 2015

February, 2016

A+

AR-2

Stable

 Long Term “AA-” means:

The Company rated as “AA-” (pronounced double A minus) in the long-term which indicates strong financial capability to pay claims & long term obligation.

Short Term “ST-1” means:

The Company rated as “ST-1” in the short-term which means to good capacity to meet up short term obligation in a timely manner.

The Stable Outlook assessed by Alpha Rating reflects that, upside and down side risks to the rating are currently well balanced.