Kenyan insurer keeps rating

A Kenya-based financial services company’s national scale financial strength rating has been kept at A(KE) with a stable outlook, by a rating agency.

APA Insurance’s rating reflects the strengths and weaknesses of Apollo Investments, it’s Kenya-based parent company, being the core operating entity of the group.

The stable outlook reflects the rating agency’s expectation of continued stability in the credit profile, supported by strong levels of risk adjusted capitalisation and a sustained business profile

See issuer profile here