Moody’s affirms Malath financial rating at ‘Baa2’ with ‘Stable’ outlook

12/01/2021 Argaam

Malath Insurance branch

Moody’s International Credit Agency affirmed the “Baa2” Insurance Financial Strength Rating (IFSR) of Malath Cooperative Insurance Co. with a ‘Stable’ outlook, the insurer said in a bourse filing.

 

This rating reflects the insurer’s robust foothold and brand in Saudi Arabia, strong asset quality driven by a conservative investment strategy, as well as the insurer’s good capital adequacy ratio.

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