S&P has moved the rating of IC “Rosgosstrakh” the CreditWatch Developing

S&P Global Ratings on 5 September 2017 moved long-term credit rating of the counterparty “In the” IC “Rosgosstrakh” from Negative CreditWatch (“ratings on review with negative expectations”) in Developing CreditWatch (“ratings on review, the situation is in the process of development”).

12 December 2016, the rating of PJSC IC “Rosgosstrakh” was placed on CreditWatch Negative due to significant losses of the company.” June 13, 2017 the company’s rating was lowered from “B+” to “B” and left on CreditWatch Negative.

“Moving rating of PJSC IC “Rosgosstrakh” on CreditWatch Developing due to the announcement of the Bank of Russia on measures to take to improve the financial stability of the Bank “FC Opening”, including the introduction of an interim administration that allows you to monitor the activities of the Bank (August 29, 2017). The Bank of Russia also noted that the number of companies included in the group of the Bank “FC Opening”, part of PJSC IC “Rosgosstrakh”. We understand that this means that the insurance company will be able to continue operating in a regular mode”, – said the rating Agency.

S&P has moved the rating of IC “Rosgosstrakh” the CreditWatch Developing 05.09.2017

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