A.M. Best Places Credit Ratings of Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC, Under Review with Negative Implications

LONDON–(BUSINESS WIRE)–A.M. Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC (Kazakhinstrakh) (Kazakhstan). These Credit Rating (rating) actions follow the company’s announcement on 25 January 2018 of its shareholder agreement to merge its sister insurer, JSC IC Kazkommerts-Policy (Kazkommerts-Policy), into Ka