Best, Downgrades

AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bbb” (Good) of Saudi Arabian Insurance Company B.S.C. (c) (Damana) (Bahrain).

15.11.2021 - 18:08:26

AM Best Downgrades Credit Ratings of Saudi Arabian Insurance Company B.S.C. ; Places Credit Ratings Under Review With Negative Implications. In addition, AM Best has placed these Credit Ratings (ratings) under review with negative implications.

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AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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