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The RA 'Expert Rating' determines a country industry limit of the insurance sector at the level uaBBB- due to atypical behavior of the regulator


23/11/2010

The rating agency Expert Rating — the leader in voluntary ratings of Ukraine
and the CIS — takes note of the atypical behavior demonstrated by the management of the State Commission for Regulation of the Financial Services Markets that puts the market participants in perplexity...

... In case of the absence of the personnel decisions or the impact of an educational nature on the Financial Services Commission from higher branches of the executive power in Ukraine, we intend to immediately introduce a country industry limit to the newly assigned credit ratings of the insurance companies at the level that is close to the speculative uaBBB-...

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