GCR Ratings Assigns AA Rating to FBS Reinsurance
GCR Ratings has assigned a stable outlook and an AA rating to FBS Reinsurance, indicating the firm's robust financial strength and solid operational foundation within the primary market. The rating agency noted that FBS Reinsurance maintains a steady financial trajectory, projecting a stable outlook on an international scale.
The national scale company security rating of AA(NG) also carries a stable outlook, underscoring the firm's strong capacity to meet financial obligations relative to issuer obligations within the country. GCR Ratings expects that FBS Reinsurance's key credit metrics will remain resilient in the medium term, despite macroeconomic variables.
This assessment reflects the company's ability to navigate financial challenges effectively.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Enjoy this article?
Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.
Related Stories
GCR Upgrades FCMB Group’s Rating to A- Amid Stronger Capital
FCMB Asset Management Receives GCR Rating Upgrade
FCMB Asset Management Upgraded to A(NG)/A1(NG) by GCR
Fitch Ratings Affirms Benue State's Credit Rating at 'B'
Quest Merchant Bank Achieves Stable Rating from GCR
S&P Global Upgrades Nigeria's Credit Rating to 'B+'
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
