The long-term credit rating and financial stability rating of the market leader, SOGAZ insurance group, affirmed by S&P Global Ratings at BBB with a stable outlook, ASN reports with reference to the agency's press release.

The rating agency noted that the current situation on the financial markets and the coronavirus pandemic won't have a direct impact on the growth and results of SOGAZ insurance activities, although some pressure on the company's development perspectives and operation is possible due to the overall decrease in business activity and increased competition.