18-08-2013
, 10:23 AM
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| عضو مميز | تاريخ التسجيل: Dec 2012
المشاركات: 829
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 (S & P)اكبر وكالة للتصنيفات الائتمانية مهم للملاك اكبر تصنيف ائتماني اقليمي gc والقفز الى درجة aa
منقول
هل ستتجه صناديق البنوك والمحافظ الاستثماريه على هذه الشركه بعد هذا التصنيف الائتماني القوي لها
استاند اند بور (S & P) تقفز بالتصنيف الائتماني لشركة اعادة للتامين من bbb الى aa وبدرجة اكبر تصنيف اقليمي خليجي gc
اعلنت شركة اعاده للتامين الان هذا الاعلان
http://www.tadawul.com.sa/wps/portal...EMENT_NO=31892
ورفعت تصنيف الشركه من bbb الى درجة aa للمنطقه الاقليمي لمنطقة الخليجيه gc
اكبر تصنيف خليجي (gc)
aa تصنيف ائتماني قوي ومستقر
g دول الخليج
c اكبر تصنيف ائتماني اقليمي
التقرير من موقع شركة ( سجل بموقع الوكالة العالميه وسوف يظر لك التقرير كامل )
http://www.standardandpoors.com/prot...=1245355856105
Research Update: Saudi Re for Cooperative Reinsurance Co. Assigned 'gcAA' Regional Scale Rating; 'BBB+' Global Scale Ratings Unaffected
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View Analyst Contact InformationTable of Contents
Overview
•We are assigning our 'gcAA' Gulf Cooperation Council (GCC) regional scale
rating to Saudi Arabia-based reinsurer Saudi Re for Cooperative
Reinsurance Co (Saudi Re).
•The 'BBB+' global credit ratings and stable outlook on Saudi Re are
unaffected.
Rating Action
On Aug. 13, 2013, Standard & Poor's Ratings Services assigned its 'gcAA' Gulf
Cooperation Council (GCC) regional scale rating to Saudi Arabia-based
reinsurer, Saudi Re for Cooperative Reinsurance Co. (Saudi Re). The 'BBB+'
global long-term counterparty credit and insurer financial strength ratings on
Saudi Re are unaffected. The outlook is stable.
Rationale
The ratings on Saudi Re reflect our view of Saudi Re's fair business risk
profile and strong financial risk profile. We consider Saudi Re's competitive
position to be less than adequate and industry and country risk in Saudi
Arabia to be intermediate. These factors weigh on our assessment of the
company's business risk profile despite its position as the only
locally-domiciled reinsurer in Saudi Arabia.
In our view, Saudi Re has very strong capital, a moderate risk position, and
adequate financial flexibility, leading to our assessment of its financial
risk profile as strong. The company has one of the highest capitalization
levels of its GCC regional peers. We regard management and governance,
enterprise risk management, and liquidity as neutral factors for our ratings
on Saudi Re.
Outlook
The stable outlook reflects our opinion that Saudi Re's capital will remain
resilient through to 2015, despite likely substantial business growth. It also
reflects our view that Saudi Re has good prospects for success over the medium
and long term, but that the current lack of an established and robust
competitive position will likely preclude a stronger rating over the next two
years.
We do not currently envisage a positive rating action over the next two years,
as Saudi Re is unlikely to achieve materially larger scale or wider revenue
diversification in that time. Also, it has yet to establish a track record of
successful, profitable growth.
A material deterioration of the financial risk profile, to below the level
that we consider strong, could lead to a negative rating action. This could
result from aggressive growth or a large acquisition that in our view weakens
the company's capital adequacy or risk position.
Related Criteria And Research
•Insurers: Rating Methodology, May 7, 2013
•Enterprise Risk Management, May 7, 2013
•Management And Governance Credit Factors For Corporate Entities And
Insurers, Nov. 13, 2012
•Principles Of Credit Ratings, Feb. 16, 2011
•Refined Methodology And Assumptions For Analyzing Insurer Capital
Adequacy Using The Risk-Based Insurance Capital Model, June 7, 2010
•Credit FAQ: Gulf Cooperation Council (GCC) Regional Credit Rating Scale
Explained, Feb. 15, 2010
•Understanding National Rating Scales, April 14, 2005
Ratings List
New Rating
Saudi Re for Cooperative Reinsurance Co.
Counterparty Credit Rating
Gulf Cooperative Council Regional Scale gcAA/--/--
Complete ratings information is available to subscribers of RatingsDirect at
www.globalcreditportal.com and at spcapitaliq.com. All ratings affected by
this rating action can be found on Standard & Poor's public Web site at
www.standardandpoors.com. Use the Ratings search box located in the left
column. Alternatively, call one of the following Standard & Poor's numbers:
Client Support Europe (44) 20-7176-7176; London Press Office (44)
20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm
(46) 8-440-5914; or Moscow 7 (495) 783-4009.
Primary Credit Analyst: Anvar Gabidullin, CFA, London (44) 20-7176-7047;
Secondary Contact: David D Anthony, London (44) 20-7176-7010;
Additional Contact: Insurance Ratings Europe;  |
(S & P)اكبر وكالة للتصنيفات الائتمانية مهم للملاك اكبر تصنيف ائتماني اقليمي gc والقفز الى درجة aa
