A.M. Best Affirms Ratings of Arab Re
Friday, 12 16 2016, Category: Rating, Country: Lebanon
A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (ICR) of “bbb-” of Arab Reinsurance Company S.A.L. (Arab Re) (Lebanon). The outlook of these Credit Ratings (ratings) remains stable.
The ratings reflect Arab Re’s strong risk-adjusted capitalisation, good track record of operating profitability and stable business profile. Partially offsetting rating factors include the company’s weak technical performance and the elevated economic and political risks associated with operating in Lebanon.
Source: Business Wire