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|14 June, 2018

S&P downgrades Wethaq Takaful outlook

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

Traders monitor stocks from the trading floor at the Doha Securities Market building in Doha October 19, 2008. Image used for illustrative purpose

Traders monitor stocks from the trading floor at the Doha Securities Market building in Doha October 19, 2008. Image used for illustrative purpose

REUTERS/Fadi Al-Assaad

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

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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.

Source: Mubasher

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