Moody’s downgrades MEDGULF KSA’s insurance financial strength rating to Ba2

Follow-ups -eshrag News:

Mon, 2022-09-26 17:39

RIYADH: Moody’s Investors Service has downgraded the Mediterranean and Gulf Cooperative Insurance and Reinsurance Co insurance financial strength rating to Ba2 from Ba1. 

The firm, also known as MEDGULF KSA, is a Saudi joint stock company, and has seen its outlook changed from positive to negative.  

This reflects the challenges MEDGULF KSA faces in improving its underwriting performance and continued pressures on its capitalisation. 

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button