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Article: A.M. Best Affirms Ratings of ACMAT Corporation and ACSTAR Insurance Company.
- Article from:
- Investment Weekly News
- Article date:
- June 20, 2009
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A.M. Best Co. has affirmed the issuer credit rating (ICR) of "bbb+" of ACMAT Corporation (ACMAT) (New Britain, CT) [Pink Sheets: ACMTA]. A.M. Best also has affirmed the financial strength rating of A (Excellent) and the ICR of "a+" of ACMAT's wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR) (Chicago, IL.). The outlook for all ratings is stable.
The rating affirmations reflect ACSTAR's strong capital position, historically strong operating performance and conservative risk management approach. The company is a provider of surety bonds for general building, specialty trade, environmental remediation and asbestos abatement contractors, as well as for lead ...