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On 21 December 2016, A.M. Best rating agency upgraded Arig Group’s Financial Strength Rating from ‘B++ (Good)’ to ‘A- (Excellent)‘ , and its Long-Term Issuer Credit Rating from ‘bbb+’ to ‘a-‘. The outlook for both ratings is stable.

The agency views that “the rating upgrades reflect Arig’s ability to take strategic decisions to eliminate underperforming business segments and optimize its business profile to generate stronger prospective earnings” and “consider Arig’s solid balance sheet strength and sound risk management framework”.

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