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Azerbaijani insurance company to negotiate with Fitch Rating Agency

Business Materials 4 November 2009 14:43 (UTC +04:00)
The International Insurance Company owned by the International Bank of Azerbaijan is prepared to raise the reliability of its first international rating from Moody's Investors Service Agency.
Azerbaijani insurance company to negotiate with Fitch Rating Agency

Azerbaijani, Baku, Nov. 3 /corr Trend U.Ismayilova

The International Insurance Company owned by the International Bank of Azerbaijan is prepared to raise the reliability of its first international rating from Moody's Investors Service Agency.

The International Insurance Company is ready for another international agency rating, a company representative told Trend .

"We will begin negotiations with the Fitch Rating Agency about the prospects of our rating next week," the source said.

The company regards the first international rating as the logical result of its modernization, which was implemented over the past four years.

Moody's determined the company's rating at B2 level.

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