News Middle East27 Aug 2023

Saudi Arabia:Major insurer receives rating upgrade

| 27 Aug 2023

Fitch Ratings says in a statement that it has upgraded The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) Rating to 'A' from 'A-'. Simultaneously, Fitch has upgraded Tawuniya's National IFS Rating to 'AAA(sau)' from 'AA+(sau)'. The outlooks are 'Stable'.

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