OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Compagnie Centrale de Réassurance (CCR) (Algeria). The outlook for each rating remains stable.

The ratings reflect CCR’s strong domestic business profile, track record of good operating performance and adequate risk-adjusted capitalisation. An offsetting rating factor is the company’s concentrated exposure to the elevated economic and political risks associated with operating in Algeria.