ACRA withdraws the credit rating of Kapital Life Insurance, LLC due to contract expiration

ACRA has withdrawn its credit rating BBB+(RU), outlook Stable, previously assigned to Kapital Life Insurance, LLC (hereinafter, the Company). The rating has been withdrawn due to expiration of the contract between ACRA and the Company. The rating has been withdrawn without its concurrent affirmation, as ACRA does not have sufficient information on the financial status or business of the Company.

Regulatory disclosure

The credit rating was previously assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Insurance Organizations on the National Scale for the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

The credit rating of Kapital Life Insurance, LLC was first published by ACRA on October 10, 2018.

ACRA provided no additional services to Kapital Life Insurance, LLC. No conflicts of interest were discovered in the course of credit rating assignment.

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