Fitch affirms Azsigorta’s rating

Tural Ibadli
Author

Baku. 21 November. REPORT.AZ/ Fitch Ratings affirmed Azsigorta OJSC’s Insurer Financial Strength (IFS) at ‘B’, Report informs citing the agency.

The outlook is ‘Negative’.

Fitch’s rating reflects Azsigorta’s strong capital position, high-risk investment portfolio. The outlook ‘negative’ is related to company’s underwriting performance broken last year, uncertainty on development of future reserves and disorder in business activity.

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