GCR affirms Kenya Re B, AA financial rating

Moody’s has affirmed Kenya Re international and national scale financial strength ratings at B and AA+(KE) respectively, which carry a stable outlook for the business...

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Kenya Reinsurance Corporation Limited (Kenya Re) has had its financial strength ratings affirmed at B (international) and AA+(KE) (national) by GCR Ratings, a Moody's affiliate. The ratings carry a stable outlook.

Kenya Re's capital position stands at Sh59.49 billion ($460.3 million).
The affirmation by GCR Ratings reflects Kenya Re's strengthened capital and sound earnings retention.
Dr. Hillary M. Wachinga, Kenya Re's managing director and chief executive officer, stated the rating validates the organisation's strong fundamentals and leading regional position.

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