16.01.2009 - Takaful Re BBB stable rating confirmed by S&P
From Zawya.com: Standard & Poor's (S&P) reconfirmed BBB 'Stable' long-term counterparty credit and insurer financial strength ratings to Takaful Re Limited (TRL), a Dubai International Financial Centre (DIFC) based Retakaful operator. According to S&P, the rating is based on Takaful Re's strong capitalization, supportive shareholder base, and knowledgeable and experienced management team. This is based on the company's extremely strong capital adequacy as measured by S&P Services' risk-based capital model, low reliance on retrocession, and competent reserving practices. .... Full Article: Source