01.10.2009 - Kuwait-based Wethaq Takaful Insurance Co. ratings lowered to 'BB'; outlook negative
From Ameinfo.com: Standard & Poor's Ratings Services said today that it has lowered its long-term counterparty credit and insurer financial strength ratings on Kuwait-based Wethaq Takaful Insurance Co. K.S.C. (Closed) to 'BB' from 'BB+'. At the same time, we removed these ratings from CreditWatch with negative implications, where they were placed on May 27, 2009. The outlook is negative....................Full Article: Source
Print