21 May 2011
JEDDAH: Standard and Poor's Ratings Services assigned its 'A-' counterparty credit and insurer financial strength ratings to Riyadh-based Mediterranean and Gulf Cooperative Insurance and Reinsurance Co.

The outlook is stable. The ratings reflect MedGulf KSA's strong domestic business position, strong current and prospective operating performance, and its similarly strong, cash-oriented investment portfolio and liquidity.

© The Saudi Gazette 2011