Standard & Poor's Upgraded Ingosstrakh Insurance Company's Rating
OREANDA-NEWS. Standard & Poor's international rating agency has upgraded Ingosstrakh Insurance Company's long-term rating on the national scale to ruAAA, which means "Сapacity to meet its financial commitment on its obligations is extremely strong". This is the highest rating in the scale of the Agency.
The rating was upgraded as a part of S&P's general rating action plan in respect of financial organizations and insurance companies of Kazakhstan, Russia, South Africa and several other countries.
Ingosstrakh Insurance Сompany was previously awarded ruAA+ rating , which means "Сapacity to meet its financial commitment on the obligation is very strong". The upgraded rating is represented on the national scale and is not related to the credit ratings of the Ingosstrakh Insurance Company on the S&P international scale.
Along with ruAAA, the highest rating on the S&P Russian national scale, Ingosstrakh Insurance Company was awarded the highest rating of A++ reliability by RA Expert Russia-based rating agency. The company has maintained the rating since 2002.
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