Information on the change in the rating of the listed company

Information on the change in the rating of the listed company

On May 20, 2016, A.M.Best Company international rating agency lowered the credit rating of Standard Insurance Compaby JSC to the level of b + from the level of bb-, as well as the financial stability rating to C ++ from B-. The forecast assigned to each rating is stable.

On January 29, 2016, the ratings of Standard Insurance Company JSC were changed to the revision category with a negative outlook after the announcement of the company related to its intention to accept a part of the insurance portfolio from Alliance Policy Insurance Company JSC . According to the Agency, the downgrade of the ratings is mainly due to the uncertainty regarding the successful integration of the portfolio adopted by Standard Insurance Company JSC in terms of the level of capitalization, management of financial and underwriting risks.