Standard & Poor's confirms Saudi Re's "BBB +" rating

Standard & Poor's (S & P) has confirmed Saudi Re's "BBB +" rating with stable outlook. The rating agency also assigned the long-term credit and financial strength rating "gcAA +" to the Saudi reinsurer.

S & P justifies this decision by the company's growth potential, its good risk management and its financial solvency.
The "gc" rating is used by S & P to evaluate companies located in the Gulf Cooperation Council (GCC) countries.

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