OREANDA-NEWS. Fitch Ratings has affirmed Russia-based OJSC AHML Insurance's (AHMLI) Insurer Financial Strength (IFS) rating at 'BB' and its National IFS rating at 'AA-(rus)' with Stable Outlook. At the same time, Fitch has withdrawn the ratings.

Fitch has withdrawn the rating as AHMLI has decided to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings on AHMLI. Accordingly, Fitch will no longer provide ratings or analytical coverage for AHMLI.

The ratings reflect the 99.98% ownership of AHMLI by the state-owned Agency for Housing Mortgage Lending (AHML). The ratings also take into account that AHMLI does not have any guarantee or other formal support agreement either from the government or from the parent. AHMLI receives substantial non-monetary support in the form of methodological and statistical advice from AHML.