“S&P” has affirmed its credit rating for “Tavuniya” at A with a stable outlook.

Tavunia Insurance Company received a report from the international rating agency Standard & Poor's, which included that it received a stable credit rating of A.

The company said this classification is considered one of the important indicators that reflects the strength of the company's financial position, risk management, governance and efficiency of the company's management, among others.

It said the agency has given it a stable future outlook given its capital adequacy ratio supported by its underwriting and investment activities during the next two years, along with expectations of maintaining its position in the local market.