Fitch Ratings assigned a “B Stable” rating to Turkmenistan’s State Insurance Organization for its Insurer Financial Strength (IFS) and Long-Term Issuer Default Rating (IDR), according to Turkmenistan’s official media on Thursday.
The rating strengthens the organization’s ability to expand its international economic activities and enhance cooperation with foreign partners.
Fitch Ratings, a leading American corporation, provides credit ratings, analytical reports, and research. The company evaluates financial stability and investment risks in specific financial instruments or markets, helping investors make informed decisions and promoting transparency in financial markets.
Turkmenistan’s State Insurance Organization, established on August 18, 1992, continues to develop the insurance market by offering high-quality services to individuals and businesses. The organization focuses on strengthening Turkmenistan’s financial position and fully meeting the demand for world-class insurance services.
