OREANDA-NEWS. Moody's Investors Service has today announced that it upgraded the insurance financial strength rating (IFSR) of the Russian Ingosstrakh Insurance Company from Ba2 to Ba1 and assigned a stable outlook.

Ingosstrakh's National Scale Rating was upgraded to Aa1.ru.
 
According to Moody’s and Moody’s Interfax, the upgrade reflects Ingosstrakh's reduced exposure to Soyuz Bank which we have identified as one of the key rating constraints in the past. We also note Ingosstrakh sustained profitability and capitalization in the context of a challenging operating environment and a rapidly growing market.