Discovery's latest AA+ Rating

International rating agency, Global Credit Rating Co. (“GCR”) last week upgraded the domestic ZAR currency claims paying ability rating of Discovery Health Medical Scheme (“DHMS”) to AA+ (double A plus) from AA (double A) previously.

This rating is in line with the industry ceiling for open and closed medical schemes (which was also revised upwards from AA), and is currently the highest rating accorded to a South African medical scheme.

Click here to read the full report – just released – that gives facts on the rating rationale and background on financial performance, solvency and reserves and future prospects