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AM Best confirms Middle East Insurance Company's (MEICO) financial strength rating of "B+" (good) and long-term credit rating of "bbb -". The outlook for both ratings remains negative.
The rating agency justifies its decision by the strength of MEICO's balance sheet, adequate operating performance and appropriate enterprise risk management.
The negative outlook reflects the pressure on risk-adjusted capitalization and the Jordanian insurer's significant exposure to the equity market.
Read also | Insurance companies in Jordan
