In a statement dated 25th January 2010, Kenya Reinsurance Corporation was awarded a credit rating from Global Credit Rating (GCR) agency of South Africa. The rating agency gave them a rating of AA (double A) with regard to its local currency claims paying ability, and a rating of BB+ (double B plus) on its international US$ currency claims paying ability.

According to the GCR website a local currency rating of 'AA' is investment grade implying a very high claims paying ability, where protection factors are strong and risk is modest (but may vary slightly over time due to economic and/or underwriting conditions). The international currency rating of BB+ implies non-investment grade and a moderate claims paying ability. This means that the firms ability to discharge obligations is considered moderate and thereby not well safeguarded in the event of adverse future changes in economic and/or underwriting conditions.

Another rating agency, AM Best, re-affirmed the Corporation's financial strength rating of B+ (stable) and an issuer credit rating of bbb- in October 2009. One of Kenya Re's crucial long term goals is to ensure its AM Best rating is finally upgraded to 'A' within the course of the 2010 financial year.