OREANDA-NEWS. Insurance Company Standard (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following:

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On May 20, 2016 international rating agency A.M.Best Company downgraded the credit rating of IC Standard to b+ from bb-, as well as the rating of financial stability – to С++ from В-. The outlook assigned to each rating is stable.

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More details are available on KASE website –  http://www.kase.kz/files/emitters/STND/stnd_reliz_270516.pdf