19 March 2020 Fitch Ratings has affirmed Eximgarant of Belarus Insurer Financial Strength (IFS) Rating at ’B’. The Outlook is Stable.
Eximgarant's rating reflects the company's systemic significance as a national export credit agency and 100% state ownership. Capital is strong relative to the insurer’s business volumes, with a Solvency I-like statutory ratio of 42x at the end-2019.
Eximgarant’s combined ratio improved to 64% in 2019 from 92% in 2018.