Gulf Insurance Group announces Credit Rating upgrade from 'A-' to "A" with Stable outlook Rating by S&P Global
| Element List | Explanation |
|---|---|
| Announcement Detail | Gulf Insurance Group (GIG) announces that it received on 24 June 2025, a notification from Standard & Poor's Global Ratings Agency that it has upgraded its long-term insurer financial strength rating from 'A-' to 'A' with a Stable outlook.
According to S&P Global, this upgrade follows the recent rating uplift of the parent company Kuwait based Gulf Insurance Group. This positive rating reflects S&P’s confidence in the company’s strong financial position and its expectations that Gulf Insurance Group (GIG) will maintain solid operational performance and capital adequacy over the next two years.
Gulf Insurance Group (GIG) reaffirms its commitment to upholding the highest standards of financial and operational excellence to meet the expectations of its stakeholders and strengthen its leadership position in the market |
Comments