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S&P revises Saudi Re’s outlook to positive
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S&P revises Saudi Re’s outlook to positive
S&P Global Ratings has revised Saudi Re’s outlook to positive from stable citing improved performance indicators, mainly the company’s strengthening competitive position and robust capital buffers. The rating agency also affirmed its ‘A-‘ long-term issuer credit and insurer financial strength ratings and ‘gcAAA’ Gulf Cooperation Council regional scale rating on the company. According to S&P, the positive outlook reflects its expectation that Sau…
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