SA financial services company keeps rating

A South Africa-based financial services company focused on the healthcare space’s national scale financial strength rating has been kept at AA+(ZA) with a stable outlook, by GCR Ratings.

The rating agency has affirmed Bankmed on its strong financial profile with high sectoral concentration and a healthy but gradually ageing membership profile.

The stable outlook reflects GCR’s expectations that Bankmed’s earnings will normalise to historical ranges post the coronavirus disease 2019 (COVID-19) crisis.

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