AM Best Assigns Credit Ratings to First Takaful Insurance Company – KPSC

LONDON–(BUSINESS WIRE)– #insurance–AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb” (Fair) to First Takaful Insurance Company – KPSC (FTIC) (Kuwait). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect FTIC’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management (ERM). FTIC operates under a Mudaraba m

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