Simultaneously, Fitch Ratings Indonesia has affirmed the insurer’s National IFS Rating at ‘AAA(idn)’ with a Stable Outlook. This denotes the highest rating assigned on the National Ratings scale for that country.
The affirmation of the ratings reflects Fitch’s expectation of ongoing financial support from GuarantCo’s shareholders. Please see the Fitch press release for more information here.
The Pakistan Credit Rating Agency Limited (PACRA) has maintained GuarantCo’s local rating of AAA with a Stable outlook. The full press release is available here.
