| A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of Al Fajer Retakaful Insurance Company KSCC (Al Fajer Re) (Kuwait). The assigned outlook for both ratings is stable.
The ratings reflect the company’s strong risk-adjusted capitalisation and its improved corporate governance. Offsetting factors are the lower than expected business growth and profitability.................................Full Press Release: Source
|