OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Oman Insurance Company P.S.C. (OIC) (United Arab Emirates). The outlook for each rating remains stable.

The ratings reflect OIC’s strong risk-adjusted capitalisation and leading position within the United Arab Emirates (UAE). An offsetting rating factor is the company’s declining operating performance during 2015.