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Takaful Re Ltd.

Takaful Re Ltd. Ratings Unaffected By Arab Insurance Group Ratings Withdrawal

Wed, 2009-03-11 14:19 — IslamicFinance.de

Press Release

LONDON (Standard & Poor's) March 11, 2009--Standard & Poor's Ratings Services said today that the ratings and outlook on Dubai-based reinsurer Takaful Re Ltd. (TRL; BBB/Stable/--) are unaffected by the withdrawal of the ratings on Arab Insurance Group (B.S.C.) (ARIG) at ARIG's request. ARIG is the majority shareholder of TRL, with a 54% holding, and is also the major service provider.

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