OREANDA-NEWS. Expert RA rating agency changed the outlook for 'Inter-Industry Insurance Center' reliability rating A, which means high reliability and is currently applicable, from stable to negative. The negative outlook means high probability of downgrading the rating in the mid-term.

Growth in the Company's stock exchange risks due to increase in the share of bonds in its investment portfolio in the absence of risk management regulations, negative technical result from 4Q2012 insurance transactions, and negative RoA (-0.9% in 2012) influenced the outlook change.