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Article: DCR Reaffirms Claims Paying Ability Ratings of Mutual of America Life Insurance Company and The American Life Insurance Company of New York.
- Article from:
- PR Newswire
- Article date:
- August 30, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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)
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CHICAGO, Aug. 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has reaffirmed the claims paying ability ratings of Mutual of America Life Insurance Company (Mutual of America) and its wholly owned subsidiary, The American Life Insurance Company of New York (American Life) at 'AA' (Double-A). This very high rating recognizes the following factors: Mutual of America's strong market position in the small-to-medium size case, not-for-profit pension and annuity market; a low-cost distribution system; well-regarded service capabilities; and strong capital position. Offsetting these strengths somewhat is the highly competitive environment for pension and annuity ...