ACRA withdraws the credit rating of Sterkh Insurance Company due to the contract expiration

The Analytical Credit Rating Agency (ACRA) has withdrawn its credit rating BBB(RU), outlook Negative, on Sterkh Insurance Company. The rating has been withdrawn due to expiration of the contract between ACRA and Sterkh Insurance Company. The rating has been withdrawn without affirmation, as ACRA has no sufficient information on the financial status and business of Sterkh Insurance Company.

Regulatory disclosure

The credit rating has been assigned under the national scale for the Russian Federation and is based on the Methodology for Credit Ratings Assignment to Insurance Companies Under the National Scale for the Russian Federation, the Methodology for Analyzing Relationships Between Rated Entities and the State, and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.

The credit rating of Sterkh Insurance Company was first published by ACRA on April 26, 2018.

ACRA provided no additional services to Sterkh Insurance Company. No conflicts of interest were discovered in the course of credit rating assignment.

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