Jan 4, 2013, 5:00pm

A.M. Best Asia-Pacific Limited has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of “a” of Tenet Insurance Company Ltd (Tenet) (Singapore) following the transfer of Tenet’s business to its affiliate, Sompo Japan Insurance (Singapore) Pte. Ltd. (Singapore) on January 1, 2013 to form Tenet Sompo Insurance Pte. Ltd.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

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