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Connie Wong (Standard & Poor's) - Singapore College of Insurance

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Ratings<br />

Insurer Financial Strength Rating (IFSR)<br />

• An Insurer Financial Strength Rating is an current opinion <strong>of</strong> the<br />

financial security characteristics <strong>of</strong> an insurance organization with<br />

respect to its ability to pay under its insurance policies and contracts in<br />

accordance with their terms.<br />

Counterparty Credit Rating (CCR)<br />

• A counterparty credit rating is a current opinion <strong>of</strong> an obligator’s<br />

overall capacity and willingness to meet its financial commitments as<br />

they come due.<br />

7.<br />

CONFIDENTIAL AND PROPRIETARY.<br />

August Permission 2005 to reprint or distribute any content from this presentation requires the written approval <strong>of</strong> <strong>Standard</strong> & Poor’s.

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