S&P upgrades Milli Re's outlook to positive

S&P upgrades Milli Re's outlook to positive

S&P Global Ratings, an international credit rating agency, has upgraded its outlook on Milli Reinsurans T.A.S. (Milli Re) to positive from stable, while reaffirming the company’s long-term issuer credit and insurer financial strength ratings at ‘B’, additionally, S&P raised Milli Re’s national scale rating in Turkiye from ‘trBBB+’ to ‘trA’. According to S&P, Milli Re has achieved a notable improvement in its shareholders’ equity over the past ye…