Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PACRA maintains IFS rating of Excel Insurance Company

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December 10, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained Insurer Financial Strength (IFS) rating of Excel Insurance Company Limited at ‘A-‘, with a stable outlook forecast.

According to the rating agency, the rating reflects Excel’s emerging position in the general insurance industry.

This is supported by a sizeable and duly compliant capital structure, as a result of equity injection.

The rating is dependent upon execution of envisaged business strategy: generation of business volume along with profitability from the core business is important.

Meanwhile, liquidity and overall financial risk metrics must be adhered to.

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Posted on: 2018-12-10T11:12:00+05:00

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