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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