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Finance 03/09/2012 Moody’s affirm rating of Uzbekinvest
Moody’s affirm rating of Uzbekinvest
Tashkent, Uzbekistan (UzDaily.com) -- Moody's has today affirmed its global scale insurer financial strength rating on Uzbekinvest a.s. at B1. The outlook is stable.

The press service of Uzbekinvest said that strong sides of Uzbekinvest, according to analysts of Moody’s, are high level of capitalization to risks, existence of the government as founder and key role as export-import insurance company, as well as cooperation with Chartis, which provides underwriting and other insurance expertise.

Uzbekinvest was founded in April 1994 and reorganized to national export-import insurance company in February 1997. It is fully owned by the Government. Finance Ministry holds 83.3% stake in the company and National Bank of Uzbekistan for Foreign Economic Activity – 16.7%.

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