NNAC 'A' rating reaffirmed
New National's credit rating has been reaffirmed as “A” for the 2013/2014 period, along with our empowerment credentials being strengthened to a Level 2 BBBEE rating.
Kalim Rajab, New National stated as follows:"The “A” rating has been graded by Global Credit Ratings (GCR) and is based on the company’s claims paying ability, with particular emphasis this year being placed on our financial profile, strong solvency metrics and sound liquidity underpinning.
These are certainly difficult times for our industry, but despite this, we’re pleased to once again have shown resilience. This could only have been achieved with your continued support, for which we thank you. Whilst all indications are that the remainder of the year will provide challenging circumstances for the industry, I am confident that if we continue to work together for our mutual benefit, we will, jointly, be able to emerge stronger from this cycle.
Thank you again for your support."
