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Article: A.M. Best Assigns Ratings to Atradius Trade Credit Insurance Company, New Jersey.
- Article from:
- Investment Weekly News
- Article date:
- May 30, 2009
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A.M. Best Co. has assigned a financial strength rating (FSR) of A (Excellent) and an issuer credit rating (ICR) of "a" to Atradius Trade Credit Insurance Company, New Jersey (ATCI-NJ) (West Trenton, NJ). The outlook assigned to both ratings is stable. ATCI-NJ is a wholly owned subsidiary of Atradius Trade Credit Insurance, Inc. (ATCI) (Baltimore, MD), which has an FSR of A (Excellent) and an ICR of "a".
The ratings assigned to ATCI-NJ reflect the operating support provided by ATCI through its 100% quota share reinsurance contract and its service agreement with ATCI-NJ.
ATCI and ATCI-NJ's ultimate parent, Atradius N.V. (The Netherlands), is a leading ...