Belarusian B&B Insurance downgraded by AM Best
Balarus-based B&B Insurance Co, OJSI has had its financial strength rating downgraded to C (weak) from C++ (marginal) and the insurer credit rating reduced to ‘ccc+’ from ‘b+’, by ratings agency AM Best.
The outlook for the financial strength rating is stable, and the outlook for the issuer credit rating has been revised to negative from stable.
The ratings reflect the company's weak and deteriorating
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