Mubasher: Standard & Poor’s rating agency (S&P) reiterated the rating of Oman United Insurance Company (OUIC) at BBB, with a ‘stable’ outlook.
S&P said in a report that the Omani insurance company has sufficient resources to cover potential liquidity requirements.
OUIC’s business risk profile was assessed as fair, and its financial risk profile as moderately strong.
S&P earlier affirmed the Muscat-listed company’s credit rating at BBB in late June 2015, with a ‘stable’ outlook as well.
OUIC share closed Sunday at the level of OMR 0.237 as 147,000 shares were traded at OMR 34,900.
