AM Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of Arab Reinsurance Company S.A.L.

LONDON–(BUSINESS WIRE)–AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bbb-” of Arab Reinsurance Company S.A.L. (Arab Re) (Lebanon). The outlook assigned to the FSR is stable, whilst the outlook assigned to the Long-Term ICR is negative. The Credit Ratings (ratings) reflect Arab Re’s balance sheet strength, which AM Best categoris