SNIC rating affirmed at BBB by S&P
Standard & Poor's affirmed its 'BBB' insurer financial strength and counterparty credit ratings for the Bahrain-based Saudi National Insurance Co. (SNIC) and Outlook as stable. This is due to SNIC's sufficient capital base to absorb higher level of capital and earnings volatility. Supporting factors towards this rating was S&P view of the management, governance, enterprise […]
