Malath outlook revised to negative
Standard & Poor's Ratings Services (S&P) has revised its outlook on Malath Cooperative Insurance & Reinsurance Co. to negative from stable. At the same time, S&P affirms long-term issuer financial strength and counterparty credit ratings on Malath at 'BBB+'. The outlook revision follows significant deterioration in Malath's capital adequacy owing to very strong premium growth […]
