NU Online News Service, July 30, 2004, 4:45 p.m. EDT
Analysts at Moody’s Investors Service, Tokyo, are feeling more optimistic about 3 large Japanese life insurers.[@@]
The agency says has placed the Caa2 insurance financial strength rating of Asahi Mutual Life Insurance Company, Tokyo, on review for possible upgrade.
The company seems to be doing a good job of restructuring its operations and stabilizing the performance of its investment portfolio, Moody’s says.