Japan P&I Club has obtained a BBB＋ credit rating with a Stable outlook as earned from S&P Global Ratings (S&P).

This improvement is primarily due to a lower incidence of large claims from vessels within the Club and a significant increase in reserves during the 2024 fiscal year. As a result, the Club's capital level now substantially exceeds the 99.99% confidence level in the S&P's capital model.

Additionally, based on the S&P's view that it will maintain solid profitability and capital levels, the outlook has been rated as “Stable”.