| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Ingosstrakh Insurance Co. > News item |
S&P ups Ingosstrakh Insurance
S&P said it raised its issuer credit rating on Ingosstrakh Insurance Co. to BBB- from BB+.
The outlook is stable.
“The upgrade reflects our view of the improved credit quality of Ingosstrakh's investment portfolio,” the agency said in a news release.
“We assess that the average credit quality of its fixed income instruments, including bonds and bank deposits, has improved to the BBB category from BB. The improvement has been driven by our upgrade of Russia (foreign currency BBB-/stable/A-3; local currency BBB/stable/A-2) and the insurer's more conservative investment policies.”
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.