LONDON–(BUSINESS WIRE)–A.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of African Reinsurance Corporation (Africa Re) (Nigeria). These Credit Rating (rating) actions follow further analysis of the corporation’s capital structure, namely the rights of shareholders to sell their shares back to Africa Re. The unique feature of these put options highlights potential concern over the permanenc
