OREANDA-NEWS. A.M. Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey).

The revised outlooks reflect concern regarding Milli Re’s deteriorating technical performance and marginal consolidated risk-adjusted capitalisation.

The ratings continue to reflect Milli Re’s strong business profile in the Turkish market and track record of solid operating performance.