Rating of OIC by S&P rating agency is confirmed to be at "B+" level.

Rating of OIC by S&P rating agency is confirmed to be at "B+" level.
This rating reflects opinion of S&P with respect to the fact that OIC will hold its competitive position and remain one of six largest insurers in Kazakhstan.

Credit rating department of Standard&Poor's on 10 July 2014 in accordance with annual procedure for rating assessment of "Oil insurance company" JSC confirmed financial strength rating and creidt rating of the Company to be at "B+" level.

Leading credit analyst of Standard&Poor's Anvar Gabidullin: "Prognosis "Stable" reflect opinion stating that OIC will hold its competitive position and remain one of the largest insurers of Kazakhstan in insurance segment other than life insurance maintaining indexes of capitalization and profitability at the currrent level".

Confirmation of rating at the current level enales "OIC" JSC to expand its insurance share in the sector of corporate insurance of large scale companies, in particular enterprises with involvement of foreign capital, increase its participation in tenders of state owned companies and incoming reinsurance share.

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