01.08.2016, 18:42
A.M. Best Assigns Ratings to JSC Salem Insurance Company
OREANDA-NEWS. A.M. Best has assigned a financial strength rating of C++ (Marginal) and an issuer credit rating of “b” to JSC Salem Insurance Company (Salem) (Kazakhstan). The outlook assigned to each rating is stable.
The ratings reflect Salem’s developing business profile, weak operating results and thin level of risk-adjusted capitalisation. The ratings also consider Salem’s exposure to the heightened country risk within its domestic market of Kazakhstan.
The ratings reflect Salem’s developing business profile, weak operating results and thin level of risk-adjusted capitalisation. The ratings also consider Salem’s exposure to the heightened country risk within its domestic market of Kazakhstan.
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