Manama: Standard & Poor’s (S&P) has affirmed its ‘BBB’ insurer financial strength and counterparty credit ratings for Bahrain-based Saudi National Insurance Compnay (SNIC) while the outlook was revised from stable to negative.
S&P maintained SNIC’s financial risk profile as upper adequate, which is supported by moderately strong capital and earnings as well as adequate financial flexibility .
&uuid=(email))