Benin insurer gets rating boost

A Benin-based financial services company’s national scale financial strength rating has been lifted to A+(BJ) from A(BJ) by GCR Ratings.

The rating agency has upgraded L’Africaine des Assurances du Benin (AA Benin) due to an improvement in its capitalisation.

Meanwhile, GCR has also kept AA Benin’s outlook at stable on expectations that the company’s risk adjusted capitalisation will remain at improved levels.

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