Moody’s Ratings has upgraded the Financial Strength Rating (IFSR) of Zambia-based Klapton Reinsurance Limited (KlaptonRe) from Caa2 to Caa1, with a stable outlook. According to the agency, this improvement is due to the rapid growth of the insurer’s activities and assets outside the country, reducing its exposure to the local operating environment and risks associated…...
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Zambia: Moody’s upgrades KlaptonRe’s rating despite high exposure to sovereign debt
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