Parental Guarantee

GIC Re South Africa Ltd has an unconditional and irrevocable parental guarantee from its parent, GIC Re India.

S & P Report – Abstract

On Nov. 16,2023, S&P Global Ratings confirmed its outlook on GIC Re SA as stable. At the same time, S&P affirmed the ‘BB+’ financial strength and issuer credit ratings and ‘zaAAA’
South Africa national scale rating on GIC Re SA.

S&P Latest Rating Statement Nov.2023

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