The counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) was raised from ‘A+’ to ‘AA-‘ by S&P. Also raised were the commercial paper and note issuance facility ratings on OIL (from ‘A1’ to ‘A1+’).
At the same time, S&P took action on its short-term commercial paper ratings on Oil Investment (Barbados) Ltd. and Oil Investment Corp. Ltd, OIL’s investment subsidiaries, from ‘A1’ to ‘A1+.
Was this article valuable?
Here are more articles you may enjoy.
Florida Agency Owner and Unlicensed Agent Charged in Fake Certificates Scheme 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
Trucking Companies Confront Mounting Diesel, Insurance, Debt Costs 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works From This Issue
