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10.05.2016 21:32:00
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Standard Insurance Limited -- Moody's recalibrates South Africa's national rating scale and repositions national scale IFS rating of Standard Insurance Limited at Aa1.za
New York, May 10, 2016 -- Moody's Investors Service has repositioned Standard Insurance Limited's national scale insurance financial strength (IFS) rating at Aa1.za from A1.za, in conjunction with the recalibration of the South African national rating scale. At the same time, Moody's has publically assigned a Baa2 global scale (GSR) IFS rating to SIL, which serves as the basis for the Aa1.za national scale rating. The outlook is negative, on a global scale basis, and follows from the negative outlook for the Government of South Africa (Baa2, negative)
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