S&P affirms Walaa Insurance's rating at BBB+, outlook positive

31/01/2018 Argaam

 

Standard and Poor's (S&P) affirmed the credit rating of Walaa Cooperative Insurance Company at BBB+ with a positive outlook, the company said in a statement to Tadawul.

 

The rating reflects a strong, risk-based capital adequacy, satisfactory business risk profile and an overall upper-adequate financial risk profile, the company said.

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