VOL. XLIV

No 51

17-December-2001

BAHRAIN

S&P Withdraws Arig Res BB+Rating At Companys Request

Ratings agency Standard and Poors(S&P) announced on 11 December that it had withdrawn the BB+ counterpartycredit and insurer financial strength ratings on the Bahrain based ArigReinsurance Co (Arig Re). In a statement, the agency said that the movefollowed the request of the companys management and the decision of the parentcompany Arab Insurance Group (Arig) to assume the reinsurance operations...