OREANDA-NEWS. "Expert RA" rating agency (RAEX) downgraded "Railway Insurance Fund" reliability rating to В++, which means acceptable reliability. The rating outlook is developing, which means equal probability of maintaining and changing rating in the mid-term. The Company used to have rating A, which means high reliability, the third sublevel, the developing outlook.

The extremely low reinsurance coverage and its low diversification are also highlighted among the factors having a negative impact on the rating. The high combined net loss ratio and the low insurance portfolio structure stability are also assessed negatively.

Such factors as high deviation of the solvency margin from the standard one, high current ratios and low net loss ratios have a positive impact on the rating.