OREANDA-NEWS. September 25, 2009. Ingosstrakh-M, the insurance company within the International Insurance Group INGO, voluntary withdrew the individual reliability rating of the National Rating Agency (NRA). It must be mentioned that in July 2008 the NRA granted the company the A+ rating, which means high reliability – first level, on the Agency’s scale.

Ingosstrakh-M is the subsidiary of Ingosstrakh IJSC specializing in compulsory medical insurance. In August this year, rating agency Expert RA granted the A++ reliability rating to Ingosstrakh Group, including Ingosstrakh IJSC and Ingosstrakh-M, which is an exceptionally high level of reliability. After Expert RA had granted its rating, Ingosstrakh-M announced that it voluntary withdrew its NRA’s rating.

Currently, Ingosstrakh IJSC has BBB- rating of Standard&Poor`s, negative outlook, and ruAA+ on the national scale, as well as the A++ highest reliability rating of Expert RA. INGO Group believes it is unnecessary to use services of other rating agencies.