Rating action Johannesburg, 20th December 2022 – GCR Ratings (“GCR”) has upgraded Nouvelle Compagnie Africaine de Réassurances’ (“NCA Re”) national scale financial strength rating to BB+(CI) from BB(CI), with the Outlook accorded as Stable. In addition, the international scale financial strength rating of CCC+ has been affirmed, with the Outlook maintained as Stable. Rated entity...
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