LONDON–(BUSINESS WIRE)–A.M. Best has upgraded the Financial Strength Rating to B- (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating to “bb-” from “b+” of Kommesk-Omir Insurance Company JSC (Kommesk) (Kazakhstan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Kommesk’s balance sheet strength, which A.M. Best categorises as strong, as well as its marginal operating performance, very limited business profile and marginal enterprise risk management.
