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Saturday, 2 August 2008
BBB+ for MNRB Retakaful
Fitch assigns 'BBB+' Insurer Financial Strength (IFS) rating to MNRB Retakaful with stable outlook.
Factors considered for the rating were:
- MNRB Holdings Berhad's ability and willingness to provide support in times of need
- Catastrophe-free Malaysian market - the main focus of MNRB Retakaful's business
- Healthy capitalisation, prudent management
- Limited track record
- Modest size
- Possible execution risks
Source: Fitch

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