S&P rates Al Buhaira BBB

Standard & Poor's said it assigned its BBB long-term counterparty credit and insurer financial strength ratings to Al Buhaira National Insurance Co. (PSC).

The outlook is stable.

The agency said that the ratings reflect Al Buhaira's strong operating performance, strong capitalization and good competitive position while offsetting factors are its marginal investment profile and lack of clear risk tolerances, particularly in its investment risk management.

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