AM Best affirms Suez Canal Insurance’s ratings

AM Best has affirmed Suez Canal Insurance's (SCI) Financial Strength Rating of B- (Good) and Long-Term Issuer Credit Rating of bb- (Good).

The agency also affirmed the Egyptian insurer's National Scale Rating of aa+.EG (Superior). The outlook for all ratings remains stable.

The ratings reflect SCI's strong balance sheet, adequate operating performance, limited business profile, and marginal business risk management.