UAE – S&P raises ratings of Oman Insurance Company to ???A-???
Standard & Poor’s raised its long-term counterparty credit and insurer financial strength ratings of Oman Insurance Co. (PSC) to ‘A-’ from ‘BBB+’. S&P’s cited the progress made by Oman Insurance (OIC) in reducing its exposure to high risk assets beyond S&P’s expectations, material reductions in financial leverage, increased awareness of enterprise risk management, extremely strong […]
