[RATING] Moody’s assigns first-time A3 IFSR to Fidelidade Macau

Macao, January 12, 2021 – Yesterday, Moody’s Investors Service (Moody’s) assigned an A3 insurance financial strength rating (IFSR) to Fidelidade Macau – Insurance Company Limited (Fidelidade Macau), an important achievement that reflects the company’s strong underwriting profitability and capitalization, along with its prudent investment allocation. The outlook is stable, reflecting Moody's expectation that Fidelidade Macau will maintain its robust level of risk-adjusted capitalisation in the next 12-18 months.

Commenting on the achievement, Mr. Paulo Barbosa, Chief Executive Officer at Fidelidade Macau, said: “This was the culmination of a collective effort across the Company towards the same goal: to be the most preferred insurance company, trusted partner with intermediaries, provider of quality and innovative products and services according to the highest norms of ethical standards, competence and integrity. We will keep our commitment with them, with our dedicated staff, partners and especially our shareholders for their investment and continued support”.

Mr. Ivan Cheung, Executive Director also took the opportunity to comment this milestone: “Our teams have been doing an outstanding job throughout these years, protecting our individual and corporate customers helping them to achieve and enhance their protection and financial prosperity. Our responsibility is even bigger now, but our commitment and dedication remains unchanged.”

The Credit Rating assigned to Fidelidade Macau by Moody’s, one of the most reputable international rating agencies, is a remarkable accomplishment for the Company and for the Macao Special Administrative Region.