S&P upgrades Rosgosstrakh

S&P said it raised its issuer credit ratings on Rosgosstrakh to B+ from B.

The outlook is stable.

“Our view of Rosgosstrakh's capital and liquidity positions has improved and it has implemented more-stringent underwriting standards, thereby reducing the risk of further significant negative capital fluctuations,” the agency said in a news release.

“At the same time, Rosgosstrakh's lack of a track record in sustainably improving and stabilizing its premium volumes, technical result and capital adequacy caused us to choose the lower of two possible anchors, at b+.”

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