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

S&P downgrades Kuwait’s Wethaq Takaful

Posted on 02 October 2009

From Arabianbusiness.com: Ratings agency Standard & Poor’s on Wednesday said it has lowered its long-term counterparty credit and insurer financial strength ratings on Kuwait-based Wethaq Takaful Insurance Co. K.S.C. to ‘BB’ from ‘BB+’.

At the same time, the ratings were removed from CreditWatch with negative implications, where they were placed on May 27, 2009. The outlook is negative………………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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