VOL. XLI

No. 27

6-July-1998

BAHRAIN

S&P Upgrades ARIG

The US ratings agency Standard & Poor's has upgraded the rating of Bahrain-basedArab Insurance Group (ARIG) and its UK subsidiary, Arig Insurance Company Limited to Afrom A- (MEES, 24 February 1997). ARIG said that the upgraded rating follows arecent in-depth review by S&P in the wake of its successful Initial Public Offering(IPO) in late 1997 (MEES, 10 November 1997). The Group has subsidiary andassociated companies in Bahrain,...