LONDON–(BUSINESS WIRE)–A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-”for Nomad Insurance Company JSC (Nomad), the wholly owned subsidiary of Nomad Insurance Group Limited, a private non-operating company (both entities are domiciled in Kazakhstan). The outlook revisions to negative reflect Nomad’s lower-than-expected risk-adjusted capitalisation at year-end 2016, which was due t
