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S&P affirms Doha Insurance rating at 'A-'; outlook ‘Stable’

S&P affirms Doha Insurance rating at 'A-'; outlook ‘Stable’
The US financial services company also remained its outlook “stable”
Doha Insurance
DOHI
0.30% 2.30 0.01

Mubasher: Doha Insurance Group on Sunday announced that Standard and Poor’s Rating Services has affirmed its long-term issuer credit rating at “A-”.

The US financial services company also remained its “stable” outlook for the Qatari leading insurance firm, according to a filing to the Qatar Stock Exchange (QSE).

For the first half of 2018, Doha’s net profits grew 2.9 % to QAR 34.93 million, from QAR 33.96 million during H1-17.

By the end of Thursday’s session, Doha Insurance’s stock slid 6.41% at QAR 13.