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Ratings boost for insurance firm

Bahrain Business
Tue, 14 Jul 2015

Manama: Bahrain-based Saudi National Insurance Company (SNIC) has had its insurer financial strength and counterparty credit ratings affirmed as “BBB” and outlook as “stable” by Standard & Poor’s. The agency said this was due to SNIC sufficient capital base to absorb higher level of capital and earnings volatility.

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