AM Best has revised the rating of Misr Insurance Company downwards
AM Best downgraded the financial rating of Misr Insurance Group from “bbb+” to “bbb”. The rating agency also confirmed the Egyptian giant's financial soundness at the level of b++ (good). The outlook of both ratings is negative. These ratings reflect the lack of information available and the uncertainty about the level of capital and underwriting performance.
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Fri, 19/04/2013 - 09:27
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