AM Greatest introduced it has suspended all business actions to purchasers in Russia and has withdrawn all credit score scores on Russia-based re/insurance coverage firms, topic to sanctions imposed by the European Union (EU) and prematurely of the EU’s April 15, 2022 deadline.
As well as, AM Greatest has terminated the availability and redistribution of all info services and products to purchasers in Russia with rapid impact.
AM Greatest’s announcement follows final week’s resolution by S&P International Scores to withdraw scores on Russian entites.
“On March 9, 2022, S&P International Scores introduced the suspension of its business operations in Russia,” stated S&P in an announcement on March 21.
“Following that, on March 15, 2022, the European Union (EU) introduced a ban on offering credit score scores to authorized individuals, entities, or our bodies established in Russia,” S&P added. “In mild of this, S&P International Scores will withdraw all of its excellent scores on related issuers earlier than April 15, 2022, the deadline imposed by the EU.”
Supply: AM Greatest and S&P International Scores
Matters
Commercial Lines
Russia
AM Best
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