S&P: Affirms ratings on China Taiping Insurance Group and its subsidiaries; outlook "stable"

On October 29, S&P affirmed the "BBB+" long-term and "A-2" short-term issuer credit ratings on China Taiping Insurance Group Co. Ltd. (China Taiping Insurance Group) and China Taiping Insurance Holdings Co. Ltd. (China Taiping Holdings) collectively referred to as the Taiping Group. At the same time, S&P affirmed the ratings on the group's operating subsidiaries.