Rating action Johannesburg, 22nd June 2021 – GCR Ratings (“GCR”) has downgraded CIC Life Assurance Limited’s (“CIC Life”) national scale financial strength rating to BBB(KE), from BBB+(KE), Outlook Negative. Rated entity / Issue Rating class Rating scale Rating Outlook/Watch CIC Life Assurance Limited Financial strength National BBB(KE) Negative Outlook Rating rationale The rating downgrade follows...
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