A.M. Best Affirms Credit Ratings of Misr Life Insurance Company

LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Misr Life Insurance Company (Misr Life) (Egypt), a wholly owned subsidiary of Misr Insurance Holding Company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Misr Life’s track record of operating profitability, superior profile in Egypt’s life insurance market, and adequate level of risk-adjusted capitalisation. An offsetting