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TEXT-S&P ratings - Societe Centrale de Reassurance

(The following statement was released by the rating agency)

Oct 12 - =============================================================================== Ratings -- Societe Centrale de Reassurance ------------------------ 12-Oct-2012 =============================================================================== CREDIT RATING: Country: Morocco Local currency BBB/Negative/-- Primary SIC: Fire, marine, and casualty insurance =============================================================================== Credit Rating History: Local currency Foreign currency 19-Jul-2011 BBB/-- --/-- 24-Mar-2010 BBB+/-- --/-- =============================================================================== Issues: Rating Rating Date Finl Strength Rtg BBB/Negative 19-Jul-2011

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