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Fitch reaffirms Walaa's A- rating
Fitch Ratings has affirmed the financial strength rating of Walaa Cooperative Insurance Company at A- with a stable outlook, and maintained the national financial strength rating at AA+(sau). This reflects the company's strong financial position and its capacity to meet its obligations, supported by robust capital and solid creditworthiness in the Saudi market. However, the report noted that fluctuations in the company's financial performance, particularly operational results and net profits, limit the potential for an upward rating at this time. The stable outlook indicates expectations that the supportive factors underpinning the rating will continue over the medium term, while future financial performance will be closely monitored.
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