AM Best Withdraws Credit Ratings of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ
AM Best has withdrawn the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ (SOGAZ) (Russia). At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications.
AM Best has withdrawn the ratings for commercial reasons that include, but are not limited to, the sanctions imposed on SOGAZ. Please refer to AM Best Rating Services Guide to Best’s Credit Ratings available on our website, www.ambest.com
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220303006022/en/
Anna Sheremeteva
Financial Analyst
+44 20 7397 4397
anna.sheremeteva@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Catherine Thomas, CFA
Senior Director, Analytics
+44 20 7397 0281
catherine.thomas@ambest.com
Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
