OREANDA-NEWS. National Rating Agency has assigned its 'BBB+' reliability rating to JSC (formerly known as OTKRITIE STRAKHOVANIE OJSC). The outlook for the rating is Stable.

The company was assigned NRA's first-time reliability rating of 'A-' in February 2012. On Apr. 14, 2015, the rating was withdrawn due to expiry of the contract.

The rating benefits from the company's strong solvency position, with actual solvency margin 2.5x higher than the regulatory minimum, its reasonably diversified insurance portfolio, growing net profit and its ability to retain key customers after the change in the ownership structure.

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While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.