Russian reinsurer given rating boost
Moscow Re, has received a rare rating upgrade from Standard & Poor’s. Today the agency announced that it has upgraded Moscow Re’s insurer financial strength rating to ‘A+’ on its Russian scale (up two notches), and to ‘B+’ on its international scale, based on the reinsurer’s improved capitalization and increased investment quality. The outlook is stable.
Earlier this year Moscow Re became the first Russian reinsurer to receive a rating from a major international agency, when it was assigned S&P’s ‘B’ rating. Improving the rating immediately became –Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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