Ethiopian insurer gets 1st rating

An Ethiopia-based financial services company has received first-time national scale financial strength ratings, by a rating agency.

Ethiopian Reinsurance Share Company (Ethio Re) has received a national rating of AA(ET) and an international rating of B-, with an evolving outlook.

The company’s rating reflects its strong financial profile with an intermediate business profile.

Ethio Re’s stable outlook reflects rating agency’s expectation that current strength in the financial profile will be maintained.

See full issuer profile here