AM Best Affirms National Takaful Company’s Credit with a Positive Outlook

The United Arab Emirates-based National Takaful Company’s (Watania) Financial Strength Ranking of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" has been affirmed by US based credit rating agency AM Best, with a Positive Outlook on these credit ratings. The Positive Outlook reflects the enhanced operating performance of the company in past years following the successful implementation of its business strategy set by the new management team.

The ratings reflect Watania's strong balance sheet underpinned by risk-adjusted capitalisation, as measured by AM Best’s Capital Adequacy Ratio (BCAR), at the strongest level. Watania has strengthened its shareholders’ equity, mainly through internal capita...