Wednesday, June 1, 2011

Expert RA rating is downgraded the insurance company's foundation

The rating agency "Expert RA" rating is downgraded LLC Industrial Insurance Group "Framework" to the level of B + (A sufficient level of reliability). Basis for reducing ratings served as a negative balance of profit for the third quarter of 2008 and a high level of dependence of business from the construction industry, in particular, on the PIK Group, is currently experiencing financial difficulties. The agency notes the low level of diversification and liquidity of the investment portfolio at neotchetnye date, high level of dependence on affiliates in conducting investment policy. As positive factors can be identified an acceptable level of diversification of the insurance portfolio, reducing dependence on reinsurers, high liquidity, the availability of reserve funds, an acceptable level of development of the client base.

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