Moody's drops Universalna to Caa1, withdraws ratings
12 March 2009
Yesterday Moody’s Investors Service dropped the financial strength rating on Universalna Insurance from ‘B3’ to ‘Caa1.’ Moody’s said the downgrade reflected concerns about deteriorating business conditions for insurers in Ukraine and the company’s poor operating performance. Moody’s simultaneously withdrew its ratings on Universalna.
