AM Best revises Hyundai Marine & Fire outlook to negative

AM Best has revised the outlook of Hyundai Marine & Fire
(HMF) to negative from stable, while affirming the carrier's
financial strength rating of A (excellent) and long-term issuer
credit rating of a.
The revised outlook reflects the carrier's increased asset
leverage over the past five years, which has left the company's
capitalisation more susceptible to asset value fluctuation, the
rating agency said.
AM Best said it could lift the outlook if HMF "can achieve
sustainable improvement in i