Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
MOSCOW, March 6. /TASS/. The international rating agency S&P downgraded ratings of four Russian insurance companies, Sogaz, RESO Garantia, Ingosstrakh, and Insurance Co. Transneft, the agency reported on Friday.
Ratings of Sogaz and Insurance Co. Transneft were lowered to BB+ from BBB-with a stable outlook. S&P downgraded Ingosstrakh from BBB-to BB+ with the negative outlook and RESO Garantia from BB+ to BB with the stable outlook, the agency said.
S&P explains the downgrade in corporate ratings by aggravated economic risks. Ruble weakening against the dollar and the contraction of Russia’s economy will add pressure on the insurance companies, the agency said.
S&P at the same time affirmed the rating on Rosgosstrakh at BB-with negative outlook, Soglasie at BB- with stable outlook, and VTB Insurance at BB+ with negative outlook.