Fitch Ratings Assigns “B Stable” Rating to Turkmenistan’s State Insurance Organization

Fitch Ratings Assigns “B Stable” Rating to Turkmenistan’s State Insurance Organization

Ashgabat, The Gulf Observer: Fitch Ratings has assigned a “B Stable” rating to Turkmenistan’s State Insurance Organization for its Insurer Financial Strength (IFS) and Long-Term Issuer Default Rating (IDR), Turkmenistan’s official media reported on Thursday.

This rating reinforces the organization’s capacity to expand its international economic activities and strengthen cooperation with foreign partners.

Fitch Ratings, a leading American credit rating agency, specializes in evaluating financial stability and investment risks. The company provides credit ratings, analytical reports, and research to promote transparency in financial markets and assist investors in making informed decisions.

Established on August 18, 1992, Turkmenistan’s State Insurance Organization continues to play a key role in the development of the country’s insurance market. By offering high-quality services to individuals and businesses, it contributes to strengthening Turkmenistan’s financial sector and meeting the growing demand for world-class insurance services.