12.03.2009 - Arab Insurance Group 'BBB' ratings affirmed; Withdrawn at company's request
From Menareport.com: Standard & Poor's Ratings Services said today it affirmed its 'BBB' long-term counterparty credit and insurer financial strength ratings on Bahrain-based non-life and life reinsurer Arab Insurance Group (B.S.C.) (ARIG), then withdrew the ratings at the company's request. As a result of the withdrawal, ARIG is no longer subject to ongoing surveillance by Standard & Poor's. At the time of withdrawal, the rating reflected the company's very strong capitalization despite the 19% reduction in shareholders' equity in 2008, and the company's good competitive position..... Full Article: Source