KSA - Walaa Cooperative Ins. Company affirms S&P’s rating
Tuesday, 10 01 2019, Category: Rating, Country: Saudi Arabia
Walaa Cooperative Insurance Company on Tuesday announced in a bourse filing that Standard & Poor’s (S&P) on Monday had affirmed the financial strength rating of the company at BBB+ with outlook positive.
Also, the Agency (S&P) affirmed the Gulf Cooperation Council Regional scale financial strength credit rating at gcAA+, the company announced.
“The Agency's report indicated that Walaa rating reflects capital adequacy as well as the company's ambitious growth and diversification plans,” the bourse statement added.