OREANDA-NEWS. National Rating Agency has affirmed its 'B+' reliability rating on AURORA-GARANT IC LLC and has withdrawn it due to expiry of the contract.

The rating is supported by the company's fairly strong position in the voluntary health insurance market (where it ranked 26th based on results from 1Q 2015), and favourable premium trends in 1Q 2015.

The rating is constrained by the company's authorized capital decrease to RUB150 million from RUBN480 million, the regulator-imposed sanctions, very high receivables level (82% as at Api. 1, 2015), and unbalanced insurance portfolio (voluntary health insurance accounts for 95% of direct insurance premiums).