Russian national reinsurer receives AAA rating
Monday, 05 08 2017, Category: Insurance and Reinsurance, Country: Russia
The Russian National Reinsurance Company (RNRC) has been given an AAA credit rating with a “stable outlook” by the Russian Analytical Credit Rating Agency (ACRA).
ACRA said the RNRC’s credit rating is based “on its very strong business and financial profiles coupled with high-quality management,” TASS reported.
According to reports this is the first public rating assigned by ACRA on the insurance market, and the Director of the Financial Institutions Ratings Group, Alexei Bredikhin, told TASS, “several other projects are in progress.”