S&P gives Qatar Insurance notes BBB+

S&P said it assigned its BBB+ issue rating to the proposed tier 2 subordinated notes to be issued by QIC (Cayman) Ltd. and guaranteed by Qatar Insurance Co.

“We classify the notes as having intermediate equity content. The rating is two notches below our issuer credit rating on QIC, reflecting our standard notching for subordinated debt issues,” S&P said in a press release.

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