03.09.2012 - CSR upgrades Boubyan Takaful Insurance to BB
Capital Standards Rating Co (CSR) has upgraded the Insurer's Financial Strength Rating (IFSR) to ' BB ' and the national rating to 'B BB ' of Boubyan Takaful Insurance Company KSC (closed). The outlook for the rating remains Stable. Boubyan Takaful Insurance Company ( BTIC ) has shown remarkable improvements in the Financial Year 2011, reflecting the company's growing market position in the midst of the intense competition. BTIC has implemented a new strategy that may effectively turnaround the business in current year 2012...............................................Full Article: Source
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