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Article: S&P Affirms Amedex Insurance Co Rtgs; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- May 7, 2001
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Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
May 7, 2001--Standard & Poor's today affirmed its single-'A'-minus counterparty credit and financial strength ratings on Amedex Insurance Co. (AIC). The outlook is stable.
The ratings are based on the company's good business position as a niche provider of major medical products in Latin America, a favorable operating performance, and strong capitalization to support not only current needs, but also to fund future expansion. AIC's strengths are somewhat offset by its limited size and by its high operating expenses, which are the direct consequence of the company's target market and ...