ICEA Life retains top credit rating

ICEA Lion Asset Management Chief Executive Officer Einstein Kihanda. FILE PHOTO |  NMG

South Africa rating firm Global Credit Rating (GCR) has retained ICEA Lion Life Assurance at triple-A on profitability and a strong capital buffer that is above thrice the required minimum.

GCR says in the latest rating that it assigned ICEA Lion Life a national scale financial strength rating of AAA(KE) and maintained a stable outlook to signify the lowest credit risk and sound business performance.

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