Tanzania insurer maintains rating

Jubilee Insurance Company of Tanzania’s (JICT) national scale financial strength rating has been kept at A(TZ), with as stable outlook by GCR Ratings.

The affirmation of the Tanzania-based financial services company’s rating reflects its strong risk adjusted capitalisation and competitive position, as well as its earnings capacity.

GCR has kept the outlook at stable on the expectation that JICT’s financial profile will be maintained within the current range, supported by persistence in earnings generation.

See issuer details here