Insurance Post

Russian Rossiya receives negative rating

St. Basil's Cathedral Russia

Fitch Ratings has revised the rating watch on OJSC Rossiya Insurance's international financial strength rating 'B-' and national IFS rating 'BB-(rus)' to negative.

The revision reflects Fitch's concerns related to the future ability and commitment of the shareholder to support Rossiya and the dependence of Rossiya's ability to repay its short-term financial debt

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