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Gulf Insurance, positive rating
- Kuwait: Sunday, September 30 - 2007 at 06:30
Standard and Poor's Ratings Services has revised its outlook on Kuwait's Gulf Insurance Company, the parent company and a core operating entity of the composite insurer the Gulf Insurance Group, from stable to positive. The outlook revision is due to a substantial reduction in Gulf Insurance's risk profile following the sale of its largest equity holding. Standard and Poor's also expects Gulf Insurance to strengthen its enterprise risk management.
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Jonathan Sheikh-Miller, Deputy EditorSunday, September 30 - 2007 at 06:30 UAE local time (GMT+4)
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