Rating action Johannesburg, 01 December 2021 – GCR Ratings (“GCR”) has downgraded Société Nationale d’Assurances et de Réassurances’ (“SONAR IARD” or “the insurer”) national scale financial strength rating to A(BF) from A+(BF), with the Outlook revised to Stable from Negative. Rated entity Rating class Rating scale Rating Outlook / Watch Société Nationale d’Assurances et de...
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