Credit-Rating Takes Rating Actions on Illichivske ST OJSC
OREANDA-NEWS. January 6, 2011. Credit-Rating, a nationally recognized credit rating agency in
An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions. A plus " plus " and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).
Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.
The strength of insurance companies bearing uaAins rating is high, with their capacity, reputation and loyalty to customers being higher than those of Ukrainian companies assigned lower ratings, though they are more vulnerable to impact of adverse commercial, financial and economic factors than the companies bearing uaA plus ins rating. The probability of failure to timely make insurance payments/repay cumulated insurance amounts is lower than those in insurance companies with lower ratings.
Factors maintaining the credit rating
Rising amount and retaining balance of attracted insurance premiums in the crisis environment
Comparatively low level of reserves for claimed but not paid losses.
Sufficient diversification of the company’s assets that represent insurance reserves.
High liquidity and solvency ratios.
Acceptable diversification of the company’s bank deposits.
No debt burden.
Company’s information openness and transparency.
Factors constraining the credit rating
Necessity in changing company’s equity structure and decreased amount of investments in securities.
Rising ratio of aggregated loss.
The company’s performance efficiency indicators are highly dependant upon transactions with securities.
Impact of adverse factors on the financial market, which may weigh on the company’s figures.
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