Fitch rates MEDGULF ‘BBB’, outlook stable

08:54 AM (Mecca time) Argaam
MEDGULF says Fitch ratings reflect its leading position in Saudi insurance market

MEDGULF says Fitch ratings reflect its leading position in Saudi insurance market


The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) obtained an insurer financial strength (IFS) rating of “BBB” and a national IFS rating of “A+(sau)”, with a stable outlook from Fitch Ratings, the insurer said in a statement to Tadawul.

 

MEDGULF ratings reflect its leading position in the Saudi insurance market and its strong financial performance, Fitch said.

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