IBI-Rating has reviewed outlooks of the credit ratings of «SALAMANDRA-UKRAINE» INSURANCE COMPANY» PrJSC and bonds of «DOM STRAHOVANIE» INSURANCE COMPANY» PrJSC

IBI-Rating informs on placing of long-term credit ratings of «SALAMANDRA-UKRAINE» INSURANCE COMPANY» PrJSC and bonds of «DOM STRAHOVANIE» INSURANCE COMPANY» PrJSC to the Credit Watch List with a «negative» outlook.

Placing of the ratings on the Credit Watch List with a change in the outlook is due to an increase in the vulnerability of companies to regulatory risks, which is due to the adoption of orders of the National Financial Services Commission for the cancellation of certain licenses for the performance of insurance activities to these insurers. According to information which received from insurance companies, appeals are currently being processed through the State Regulatory Service and in court.

The Rating agency continues to closely monitor the developments around the insurance companies in connection with the above-mentioned events, as well as actions of the regulatory authorities.

The information about the ratings levels is available on the official website of the Rating agency http://ibi.com.ua.

Finance department
For more information please contact:
Press service of IBI-Rating
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