Expert RA Upgrades ROSLES Insurance Company Reliability Rating
OREANDA-NEWS. "Expert RA" rating agency upgraded "ROSLES" Insurance Company reliability rating to А, which means high reliability. The rating sublevel is three. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term. The Company used to have rating В++, which means acceptable reliability, the positive outlook.
High liquidity ratios, low loss ratios in the core insurance type, the low net loss ratio, the low ratio of payables to assets, as well as high premium increment rates are also highlighted among positive factors.
The high operating costs, low RoA and RoE, as well as low insurance portfolio diversification and the small customer base in the core insurance type were regarded as negative factors.
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