Johannesburg, 7 July 2020 – GCR Ratings (“GCR”) downgrades Old Mutual Insurance Company Limited’s (“OMICO”) national scale financial strength rating to AA-(ZW) from AAA(ZW), with the Outlook accorded as Negative. Rated Entity / Issue Rating class Rating scale Rating Outlook/Watch Old Mutual Insurance Company Limited Financial strength National AA-(ZW) Negative Outlook Rating rationale OMICO’s downgrade...
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