Expert RA Downgraded NSG-Rosenergo Reliability Rating
OREANDA-NEWS. “Expert RA” rating agency downgraded ‘NSG-ROSENERGO’ insurance company reliability rating to B+, which means sufficient reliability. The rating outlook is developing, which means equal probability of both changing and maintaining the rating in the mid-term. The Company used to have rating B++, which means acceptable reliability, with the stable outlook.
High operating costs, low reliability and diversification of reinsurance coverage, and low reliability of the investment portfolio did not allow assigning a higher rating.
The high equity growth rate, high deviation of the actual solvency margin from the standard one and the low net loss ratio have a positive impact on the Company rating.
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