Fitch assigns Co-operative Insurance first-time BBB+(lka) rating

Fitch Ratings has assigned Sri Lanka-based Co-operative Insurance Company Limited (CICL) a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘BBB+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The rating reflects the non-life insurer’s modest domestic business profile, supported by its association with co-operative societies, good capitalisation and a somewhat conservative investment […]