|
|
Article: A.M. Best Withdraws Ratings of Alfa Corp.
- Article from:
- Health & Beauty Close-Up
- Article date:
- March 6, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A.M. Best Co. has withdrawn the issuer credit rating (ICR) of "a", the debt rating of "a" on senior floating rate notes and AMB-1 on the commercial paper program of Alfa Corp. (Alfa Corp), and an "nr" has been assigned to the ICR.
Concurrently, A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and ICRs of "aa-" of Alfa Insurance Group (Alfa) and its members. The outlook for these ratings is stable. All companies are domiciled in Montgomery, AL except for Alfa Alliance Insurance Corp., which is in Glen Allen, VA. (See below for a detailed list of the companies and ratings.)
The withdrawal of Alfa Corp's ratings reflects its April ...