A.M. Best Affirms B++(Good) Rating of The New India Assurance Company Limited

AM Best has affirmed the Financial Strength Rating of B++(Good) and the Long-Term Issuer Credit Rating of "bbb+"(Good) of The New India Assurance Company Limited. The outlook of these credit Ratings is Stable.

The ratings reflect the Company's balance sheet strength, which A.M. Best assesses as very strong, as well as its adequate operating performance, favourable Business profile and marginal enterprise risk management (ERM).

Shares of The New India Assurance Company Limited was last trading in BSE at Rs. 160.1 as compared to the previous close of Rs. 157.95. The total number of shares traded during the day was 33912 in over 868 trades.

The stock hit an intraday high of Rs. 162 and intraday low of 159.05. The net turnover during the day was Rs. 5447271.

Source : Equity Bulls

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