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A M Best upgrades DIC ratings

A M Best upgrades DIC ratings
DIC's headquarter
Dubai Insurance
DIN
0.00% 7.45 0.00

Dubai – Mubasher: A M Best has upgraded Dubai Insurance Company’s (DIC) financial strength rating to A- (Excellent) from B++ (Good) and the long-term issuer credit rating to “a-” from “bbb+”, according to a statement.

The outlooks of these Credit Ratings have been revised to “stable” from “positive”.

The rating upgrades reflect DIC’s “excellent” technical performance, “strong” risk-adjusted capitalisation and improving enterprise risk management (ERM), the rating agency said.