Moodys Confirms ROSNO Rating
OREANDA-NEWS. January 20, 2010. The international rating agency Moody’s Investors Service has published an updated review of ROSNO. Based on the updated performance study of the insurer, the agency has issued a report confirming its current rating of financial stability at Baa1 on international scale and the Aaa.ru rating on the national scale, with the rating forecast set at "stable", reported the press-centre of ROSNO.
The analysts of Moody’s Investors Service regularly review the companies’ performance and check whether the latest company data go in line with the previously assigned ratings. In March 2007, ROSNO was for the first time rated on international scale, being assigned the Baa1 level. Rating forecast was "Stable". At the same time, the agency Moody’s Interfax assigned ROSNO the Ааa.ru rating on the national scale.
In their updated review of ROSNO’s performance, which confirms the insurer’s current financial stability rating, Moody’s analysts note the following: "The Baa1 financial stability rating assigned to OJSC IC ROSNO by the rating agency Moody’s reflects the support provided to the company by its sole shareholder, Allianz SE (with the financial stability and senior debt rating of Aa3). ROSNO’s rating also indicates the company’s leading positions in the Russian property and liability insurance market, its highly diversified portfolio, and an extensive sales network".
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