AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Saudi Arabian Insurance Company B.S.C. (c)

LONDON--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Saudi Arabian Insurance Company B.S.C. (c) (Damana) (Bahrain). The outlook assigned to these Credit Ratings (ratings) is negative. The ratings reflect Damana’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile