PACRA Assigns Positive Outlook to East West Insurance Company Ltd

MG News | December 07, 2018 at 12:18 PM GMT+05:00

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December 07, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained entity ratings of East West Insurance Company Limited at ‘A+’ for long-term, with a positive outlook forecast.

According to the press release, the rating takes into account the improved fundamentals of the company as well as the effective working capital management, though with growing volumes. The sound business profile has enabled the company to improve its market share.

The rating is dependent in company’s ability to improve its market position with continued profitability. The liquidity position and, hence, financial risk profile should remain afloat along with growth. Effective utilization of upgraded IT infrastructure and MIS should benefit in bringing sophistication in structure and reporting, the report added.

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