News - India: GIC Re’s financial strength affirmed with A-(Excellent) rating
Source: Asia Insurance Review | Mar 2011
General Insurance Corp of India (GIC Re), the sole domestic reinsurer in India, has been rated ‘A- (Excellent)’ for its Financial Strength and ‘a-’ for its Issuer Credit Rating by AM Best Co. The outlook for both ratings is stable, indicating low likelihood of a rating change due to stable financial trends.
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