Rating Services Limited has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to National Takaful Company (Watania) PJSC (Watania) (United Arab Emirates).
The ratings for Watania reflect its strong prospective risk-adjusted capitalisation, supported by strong reinsurance protection, a conservative investment strategy and its sound business plan. Offsetting rating factors are below target results in 2012 and the execution risk Watania faces in the competitive UAE insurance market...............................................Full Article: Source
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