Press Release

VIS Harmonizes Insurer Financial Strength Rating of Alpha Insurance Company Limited

Karachi March 31, 2022: VIS Credit Rating Company Limited (VIS) has modified the Rating Scale for Insurer Financial Strength (IFS) rating to create a clear distinction in symbols and definitions of IFS Ratings. The IFS rating of Alpha Insurance Company Limited of ‘A’ (Single A) has accordingly been harmonized at ‘A+(IFS)’ (Single A Plus IFS). The revised scale may be found in the relevant methodology available on VIS’ website. The IFS rating of ‘A+(IFS)’ denotes strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on September 29, 2021.

For further information on this rating announcement, please contact the undersigned (Ext: 207) at 021-35311861-70 or fax to 021-35311873.



Sara Ahmed
Director Ratings



Applicable rating criterion: General Insurance (March 2022)
https://docs.vis.com.pk/docs/VIS%20General%20Insurance%20-%2020220331%20-%20FinalFinal.pdf

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