Pakistan Posts Current Account Surplus of USD 255mn in May’23
KARACHI: Pakistan posted a Current Account surplus of USD 255mn for the month of May’23 compared to a deficit of USD 1,506mn during May’22. This is the third consecutive monthly…
Moody’s changes Šiaulių bankas‘ outlook to positive from stable
ŠIAULIAI: The international rating agency Moody’s Investor Service (Moody’s) affirmed Šiaulių Bankas’ previous long-term deposit rating Baa2 and changed its outlook to positive from stable. The bank was also affirmed…
AM Best upgrades credit rating of Multinational Life Insurance with stable outlook
OLDWICK: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Puerto Rico based Multinational…
AM Best revises outlooks to negative for Mutual of America Life Insurance
OLDWICK: AM Best has revised the outlooks to negative from stable of New York based Mutual of America Life Insurance Company (MofA) due to weakness in business profile, and the…
Mexico insurance industry outlook stable as companies sustain strong balance sheets
MEXICO CITY: AM Best is maintaining a stable market segment outlook on Mexico’s insurance market, based on the strong balance sheets of the insurance companies operating in the country, backed…
AM Best revises outlooks to negative for Florida Farm Bureau Group
OLDWICK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Florida…
IMF projects Pakistan’s outlook for economic growth broadly favorable
KARACHI: The Executive Board of the International Monetary Fund (IMF) concluded the first Post-Program Monitoring Discussions with Pakistan. Pakistan’s near-term outlook for economic growth is broadly favorable. Real GDP is…