Fitch has negative outlook for Russian insurer
Fitch has affirmed OJSC Rossiya Insurance Company's Insurer Financial Strength (IFS) rating at 'B-' and national IFS ratings at 'BB-(rus)' and removed the ratings from rating watch negative. The outlook for both ratings is negative.
The rating agency said the removal from RWN reflects partial repayment of the financial debt (debt was equal to RUB1.3bn (£0.03bn) at end-H110, RUB0.6bn were paid in Q310, and RUB0.7bn of debt
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