Rating Action Johannesburg, 31 October 2019 – GCR Ratings (“GCR”) has downgraded First Mutual Reinsurance Company Limited’s (“First Mutual Re”) national scale financial strength (formerly claims ability) rating to BBB(ZW), from BBB+(ZW), with a Stable Outlook. Rated Entity / Issue Rating class Rating scale Rating Outlook/Watch First Mutual Reinsurance Company Limited Financial strength National BBB(ZW)...
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