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S&P downgrades Wethaq Takaful outlook

S&P downgrades Wethaq Takaful outlook
S&P Global downgraded Wethaq’s Outlook to “Negative”
WETHAQ
WETHAQ`R
128.61% 87.10 49.00

Mubasher: Wethaq Takaful Insurance announced that S&P Global has modified the company’s credit rating.

S&P Global downgraded Wethaq’s Outlook to “Negative” from “Stable” while maintained its credit rating at “BB” for fiscal year 2017, according to a bourse statement on Thursday.