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S&P: Eurasia Insurance to positive
S&P said it revised its outlook on Eurasia Insurance Co. to positive from stable and affirmed the BB+ long-term counterparty credit rating and the kzAA- Kazakhstan national scale rating on the company.
The agency said the revision follows its review of Eurasia Insurance after S&P revised the outlook on Kazakhstan to stable on Sept. 8.
“We now have a more favorable view of the company's investment quality and liquidity,” the agency said in a news release.
“In addition, we expect Eurasia Insurance can demonstrate strong operating performance in the next 12-18 months (as it did over the previous year), which will be superior to that of its local and some international peers.”
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