GCR withdraws SIC Insurance Company Limited’s national scale rating
Johannesburg, 29 May 2018– Global Credit Ratings (“GCR”) has today withdrawn SIC Insurance Company Limited’s (“SIC”) national scale claims paying ability rating of A-(GH). The rating has been withdrawn without affirmation as the entity has not provided the requested information to conduct the bi-annual rating review as required for entities on Rating watch. Accordingly, GCR will no longer provide ratings or analytical coverage for SIC.
NATIONAL SCALE RATINGS HISTORY
Initial rating (September 2009)
Claims paying ability: AA(GH)
Last rating (October 2017)
Claims paying ability: A-(GH)
Rating watch: Yes
Sector Head: Insurance Ratings
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