Johannesburg, 13 Feb 2014 — Global Credit Ratings has today withdrawn Altfin Insurance Company Limited’s national scale claims paying ability rating of B(ZW). GCR has withdrawn the rating as Altfin Insurance Company Limited has chosen to stop participating in the rating process.
NATIONAL SCALE RATINGS HISTORY
Initial rating (May/2009)
Claims paying ability: BBB-(ZW)
Last rating (June/2013)
Claims paying ability: B(ZW)
Outlook: Rating watch
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Regional Sector Head: Insurance
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GCR withdraws Altfin Insurance Company Limited’s rating of B(ZW)