VOL. XLIII

No. 21

22-May-2000

BAHRAIN

S&P Downgrades Arig Reinsurance

Ratings agency Standard & Poors (S&P) announced on 17 May that it had downgraded Bahrain-based Arig Reinsurances long-term counterparty credit and insurer financial strength ratings to A- from A. The outlook for the company is negative. S&P affirmed however, the BBB long-term counterparty credit and insurer financial strength ratings of Arig Insurance Co. Ltd (UK) and said that its outlook is stable. A statement...