OREANDA-NEWS. National Rating Agency has assigned an indefinite outlook to the reliability rating of Rosgosstrakh Group (including Rosgosstrakh LLC and Rosgosstrakh OJSC) and placed the rating on its Watchlist.

The Watchlist placement is based on the fact that it is currently impossible to assess the companies’ business prospects reliably due to the Central Bank’s sanctions — namely the restriction of Rosgosstrakh LLC’s license to issue OSAGO mandatory liability insurance policies. OSAGO accounts for around 40% of the insurance portfolio of Rosgosstrakh LLC, which controls one-third of the Russian OSAGO market.

Rosgosstrakh Group was assigned an individual reliability rating of ‘AAA’ in December 2010. The rating was reaffirmed in March 2012, March 2013 and June 2014.