31.10.2015, 00:10
Construction Insurance Group LLC's Reliability Rating Placed
OREANDA-NEWS. National Rating Agency has placed Construction Insurance Group LLC (OOO 'Construction Insurance Group')'s reliability rating on its Watchlist with an indefinite outlook. The rating was originally assigned in 2009.
The indefinite outlook was assigned due to the lack of information for the evaluation of support from the owners, the impossibility of making an estimation regarding the prospects for further development of the company, as well as the absence of any evidences showing the implementation of the plan to improve the assets quality.
The assigned credit rating is under review since placement on the Watchlist. Appropriate rating actions will be carried out within 3 months after receiving the information about the company's owners, changes in the structure of assets, and prospects of preserving the insurance portfolio.
The indefinite outlook was assigned due to the lack of information for the evaluation of support from the owners, the impossibility of making an estimation regarding the prospects for further development of the company, as well as the absence of any evidences showing the implementation of the plan to improve the assets quality.
The assigned credit rating is under review since placement on the Watchlist. Appropriate rating actions will be carried out within 3 months after receiving the information about the company's owners, changes in the structure of assets, and prospects of preserving the insurance portfolio.
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