FBS Reinsurance Receives AA(NG) Financial Strength Rating with Stable Outlook from GCR Ratings

FBS Reinsurance Limited has been assigned a National Scale Financial Strength Rating of AA(NG) with a Stable Outlook by GCR Ratings. The company also received an International Scale Financial Strength Rating of B- with a Stable Outlook.

According to GCR Ratings, the ratings reflect FBS Reinsurance’s financial strength and outlook within its operating market.

As reported by InspenOnline, the AA(NG) National Scale rating indicates a very strong capacity to meet financial obligations relative to other issuers and obligations in Nigeria, while the Stable Outlook suggests that key credit metrics are expected to remain resilient over the medium term.

Read the full article on InspenOnline:
https://inspenonline.com/spotlight/insurance/gcr-ratings-assigns-stable-outlook-aang-to-fbs-reinsurance/