Lion of Africa Insurance improves credit rating

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(iStock)
(iStock)

Johannesburg – Over the past few months Lion of Africa Insurance embarked on a journey to improve its credit rating.

The substantial amount of time and effort that was devoted to ensure that the progress made at Lion over the past 18 months is reflected in the credit agencies’ assessment of the company, Lion said on Friday.

On May 3 2017 Global Credit Ratings (GCR) assigned an initial national scale claims paying ability rating to Lion of BBB(ZA), with the outlook accorded as stable.

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