AM Best has affirmed the financial strength rating of A and the long-term issuer credit rating of "a" of Energas Insurance in Malaysia. The outlook of these credit ratings is stable. AM Best said that the ratings reflect Energas' balance sheet strength, which it assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor a neutral impact from the parent of the company, Petroliam Nasional Berhad (Petronas), which is the national oil and gas company of Malaysia. The company's risk-adjusted capitalisation remains at the strongest level, as measured by Best's Capital Adequacy Ratio, supported by Energas' low underwriting leverage and conservative investment strategy. Investment assets consist mostly of cash and deposits held at well-established domestic financial institutions, as well as investment-grade debt securities.