Zambian insurer maintains rating

A Zambia-based financial services company’s national scale financial strength has been affirmed at CCC+(ZA), with an evolving outlook by a rating agency.

Emeritus Reinsurance Zambia has been affirmed on reinsurer curtailed growth in receivables resulting in a moderated earnings impact.

The evolving outlook reflects the potential for improved collections to strengthen earnings and liquidity, while supporting a slow recovery in solvency.

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