Global Credit Rating Affirms Kenya Re’s Ratings
Global Credit Rating (GRC) has affirmed the national scale claims paying ability rating assigned to Kenya Reinsurance Corporation Limited of AA(KE), with the outlook accorded as Stable.
They have also affirmed the international scale claims paying ability rating of BB+ to the Corporation, with the outlook accorded as Stable.
It is of interesting to note that Kenya has the highest ceiling applicable of AA, whereas other African markets that have ceilings, can only have a maximum of AA-.
The ratings are valid until August 2016.