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Moody's changes Kuwait-based Tazur Takaful Insurance outlook

Moody's on Oct. 10 affirmed the Ba1 insurance financialstrength rating of Tazur TakafulInsurance Co. and changed the outlook to positive from stable.

The outlook revision reflects the continued improvements theKuwait-based insurer has made in asset quality and profitability, Moody's said.In addition, the change in outlook also reflects the agency's expectation thatcapital adequacy will improve in the future.

The positive outlook reflects Moody's expectation that thecompany will maintain its improved asset quality and profitability.