AM Best Affirms Credit Ratings of Misr Life Insurance Company

LONDON–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Misr Life Insurance Company (MLIC) (Egypt). The outlook of these Credit Ratings (ratings) is stable. MLIC and Misr Insurance Company are directly owned by Misr Insurance Holding Company, and form part of the consolidated Misr Group. The ratings reflect MLIC’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating per