VOL. XLVII

No 21

24-May-2004

SAUDI ARABIA

RATINGS

S&P Assigns Saudi NCCI A- Rating

Ratings agencyStandard & Poors (S&P) on 7 May assigned an A- long-term counterparty credit and insurer financial strength rating to Saudi Arabias National Company for Cooperative Insurance (NCCI) with a stable outlook. The rating reflects the quality of management at all levels, said S&P, and the companys strong position as the only licensed insurer in the kingdom. While competitors operate from...