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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

S&P downgrades Oman United Insurance ratings

Posted on 02 July 2009

From Tradearabia.com: Standard & Poor’s Ratings Services on Wednesday lowered its long-term counterparty credit and insurer financial strength ratings on Oman United Insurance Company (OUIC) to ‘BBB-’ from ‘BBB’, but said the outlook was stable.

OUIC’s competitive position has been negatively affected by regulatory changes to motor insurance and more constrained product distribution in certain lines, said a S&P statement………Full Article: Source

 
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