Rating Action Johannesburg, 23 December 2019 – GCR Ratings (“GCR”) has downgraded Emeritus Reinsurance Zambia Limited’s (“Emeritus Re Zambia”) national scale financial strength (formerly claims paying ability) rating to B(ZM) from BBB(ZM). The rating has been taken off Negative Watch, with a Negative Outlook accorded. Furthermore, GCR has downgraded Emeritus Re Zambia’s international scale financial...
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