OREANDA-NEWS. Fitch Ratings has affirmed Belarusian Republican Unitary Insurance Company's (Belgosstrakh) Insurer Financial Strength (IFS) rating at 'B-'. The Outlook is Stable.

The rating and Outlook mirror Belarus's 'B-'/Stable Local Currency Long-Term Issuer Default Rating (IDR) and reflect the insurer's 100% state ownership. The rating also reflects the presence of guarantees for insurance liabilities under compulsory lines, the insurer's leading market position in a number of segments, its sustainable profit generation, adequate capital position, and the fairly low quality of its investment portfolio.