|
|
Article: A.M. Best Affirms Ratings of Americo Life, Inc. and Its Subsidiaries.
- Article from:
- Business Wire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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)
|
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of Americo Financial Life and Annuity Insurance Company (AFL) (Dallas, TX). Additionally, A.M. Best has affirmed the ICR of "bbb-" and debt rating of "bbb-" on $125 million 7.875% senior unsecured notes of Americo Life, Inc. (Americo) (Kansas City, MO). Concurrently, A.M. Best has downgraded the FSR to B+ (Good) from A-(Excellent) and ICR to "bbb-" from "a-" of Great Southern Life Insurance Company (Great Southern) (Dallas, TX). The outlook for all ratings is stable. (See below for a detailed listing of the companies and ratings.)
...