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Tag: economic challenges in Egypt

AM Best maintains ratings for Suez Canal Insurance amidst economic challenges in Egypt

Posted on April 4, 2024April 4, 2024

LONDON: AM Best has reaffirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) for Suez Canal Insurance (SCI), with an Egypt National Scale Rating (NSR) of aa.EG (Superior). Despite the negative outlook due to the volatile economic and political climate in Egypt, SCI’s strong balance sheet and…

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