Fitch withdraws Sanasa General Insurance’s ‘BBB-(lka)’ National IFS rating

Fitch Ratings has withdrawn Sanasa General Insurance Company Limited’s (SGIC) National Insurer Financial Strength Rating (IFS) of ‘BBB-(lka)’, which was placed on Rating Watch Negative on April 21, 2022. 
Fitch has withdrawn the rating because SGIC has chosen to stop participating in the rating process. 
Therefore, Fitch will no longer have sufficient information to maintain the rating. Accordingly, Fitch will no longer provide rating or analytical coverage for SGIC.