A.M. Best Withdraws Credit Ratings of JSC IC Kazkommerts-Policy

LONDON–(BUSINESS WIRE)–A.M. Best has withdrawn the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b+” of JSC IC Kazkommerts-Policy (Kazkommerts-Policy) (Kazakhstan) as the company has requested to no longer participate in A.M. Best’s interactive rating process. Kazkommerts-Policy is owned by JSC Halyk Bank (Halyk Bank), a leading retail bank in Kazakhstan. On 29 August 2018, Kazkommerts-Policy’s assets and liabilities were transferred to its sister insu