- Language: English
- Published: February 2013
- Region: Russia
Russian Insurance Co. Transneft Affirmed At 'BBB-/ruAAA'; Stand-Alone Credit Profile Up By One Notch; Outlook Stable Oct 11
- Published: October 2011
- Region: Russia
- Standard & Poors
In our view, Russian Insurance Co. Transneft's (IC Transneft) stand-alone credit profile has improved mainly due to its better financial profile. We have revised our assessment of IC Transneft's stand-alone credit profile to 'bb+' from 'bb'. We are affirming the 'BBB-' long-term counterparty credit and insurer financial strength ratings and 'ruAAA' Russia national scale ratings. The stable outlook reflects our expectation that IC Transneft will continue to maintain a strong relationship with its parent Russian pipeline operator Transneft while showing sound operating results and adequate capitalization levels supported by adequate reinsurance protection. MOSCOW (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services said today that it had affirmed its 'BBB-' long-term counterparty credit and insurer financial strength ratings on...
Companies mentioned in this report are: CJSC Insurance Co. Transneft
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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CJSC Insurance Co. Transneft