 New
Delhi: ICRA
Ltd has recently assisted the Bulgarian Credit Rating
Agency (BCRA) in executing two rating assignments. A team
of ICRA analysts was deputed to Sofia in Bulgaria to assist
BCRA with these assignments.
These
assignments involved assessing the claims paying ability
of Bulstrad General Insurance Company (Bulstrad), and
also evaluating the pension funds managed by Doverie for
their management and investment quality, according to
an ICRA release.
Both
the evaluated companies form part of the TBIH group, an
associate of the Kardan group of Israel, which has considerable
business interests in Bulgaria. While Bulstrad is the
largest general insurance
company in Bulgaria with an estimated market share of
17 per cent, Doverie is the second largest pension fund
company in Bulgaria.
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