Moody's affirms Saudi Re's A3 rating with a stable outlook

RIYADH: Global credit rating agency Moody’s Investors Service has affirmed Saudi Reinsurance Co.’s rating at A3 on its Insurance Financial Strength Rating, with a stable outlook. The credit agency also affirmed Saudi Re’s A1.sa national scale IFSR with a stable outlook. This comes at a time when Saudi Re has undertaken a process to increase its capital to SR445.5 million ($119

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