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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
South African rating firm Global Credit Ratings (GCR) has given favourable rating to Kenya Reinsurance’s (Kenya Re) financial strength. GCR said Kenya Re reflected sound liquidity, solid business profile and risk-adjusted capitalisation. GCR rated Kenya Re AA+ with a stable outlook.
“The entity demonstrated a strong financial profile, while business profile remained at intermediate levels, with small and risky presences in foreign markets diluting entrenched strong domestic market position,” said GCR in a statement.
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