S&P rates Bahrain National Insurance

Standard & Poor's said it assigned its BBB+ long-term counterparty credit and insurer financial strength ratings to Bahrain National Insurance Co. BSC (BNI). The outlook is stable.

S&P said the ratings reflect BNI's strong capitalization and strong operating performance, supported by a well-diversified investment portfolio.

These factors are partially offset by the company's competitive position, which is concentrated on the small Bahraini market, the agency added.

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