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AM Best Agency Improves Credit
Rating of Qatar Islamic Insurance Company to Positive
02 April 2020
Qatar Islamic Insurance Company announced
that AM Best Credit Rating Agency has improved the company’s credit
rating to ‘Positive’ instead of ‘Stable’ knowing that the company’s
Financial Rating if ‘B+’ and the Long Term Credit Rating is ‘BBB’.
This rating, as stated by the company
reflects the company’s strong balance sheet which was rated by AM Best
‘Very Strong’. Moreover, it views the company’s operational performance
as strong with a limited business profile with the risks are managed
appropriately. The revised rating by AM Best further shows the company
ability to generate operating revenues on the short to medium term.