PACRA Withdraws IFS Rating of IGI Insurance Limited
PACRA had assigned IFS rating to IGI Insurance Limited. IGI Insurance has been renamed as IGI Holdings -with a mandate to act as Holdco. Insurance business has been spinned off to IGI General Insurance limited. Hence IFS rating assigned to IGI Insurance Limited is no more valid.
PACRA is in the process of assigning IFS rating to IGI General Insurance Limited.