Reliance Ins gets credit rating 'A+'
Sunday, 9 December 2007
FE Report
Reliance Insurance Ltd (RIL) has been rated 'A+' (A plus) by Credit Rating Information and Services Ltd (CRISL) recently, says a press release.
The rating was done on the basis of good fundamentals of the company including strong reinsurance arrangement with recognised reinsurers, good franchise value, sound solvency position, significant institutional shareholding, respectable market share, experienced management team, wide network service and diversified product line.
Protection factors in the company have been assessed good and there is an expectation of variability in risk over time due to economic or underwriting conditions.
Reliance Insurance Ltd (RIL) has been rated 'A+' (A plus) by Credit Rating Information and Services Ltd (CRISL) recently, says a press release.
The rating was done on the basis of good fundamentals of the company including strong reinsurance arrangement with recognised reinsurers, good franchise value, sound solvency position, significant institutional shareholding, respectable market share, experienced management team, wide network service and diversified product line.
Protection factors in the company have been assessed good and there is an expectation of variability in risk over time due to economic or underwriting conditions.