Russian Insurance Co. Transneft Affirmed At 'BBB-/ruAAA'; Stand-Alone Credit Profile Up By One Notch; Outlook Stable Oct 11

Standard & Poors, October 2011

Abstract
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: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

CJSC Insurance Co. Transneft

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