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Pakistan

JCR-VS re-affirms IFS rating of AGICL at AA minus

KARACHI: JCR-VIS Credit Rating Company Limited has re-affirmed the Insurer Financial Strength (IFS) rating of Askari
Published December 27, 2017 Updated December 27, 2017 03:05pm
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By Parvez JabriAPP
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KARACHI: JCR-VIS Credit Rating Company Limited has re-affirmed the Insurer Financial Strength (IFS) rating of Askari General Insurance Company Limited at double AA minus.

The outlook on the assigned rating is stable. The previous rating action was announced on August 31, 2017, said press release here on Wednesday.

The rating of the company draws strength from sound underwriting performance, strong liquidity profile and sustainable investment income.

Copyright APP (Associated Press of Pakistan), 2017

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