Credit rating agencies

AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited

Retrieved on: 
Thursday, August 15, 2019
Finance, Banking, Professional services, Insurance, Credit rating agencies, Finance, Economy, AM Best, Rating, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).
  • The ratings reflect CBICs balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Issue Credit Rating to Lincoln National Corporation’s Forthcoming Senior Unsecured Notes

Retrieved on: 
Thursday, August 15, 2019
Insurance, Professional services, Finance, Economy, Money, Credit rating agencies, Credit, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has assigned a Long-Term Issue Credit Rating of a- to the forthcoming $500 million 3.05% senior unsecured notes due Jan. 15, 2030, to be issued by Lincoln National Corporation (LNC) (Fort Wayne, IN).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of a- to the forthcoming $500 million 3.05% senior unsecured notes due Jan. 15, 2030, to be issued by Lincoln National Corporation (LNC) (Fort Wayne, IN).
  • The senior notes are being issued in order to refinance upcoming maturities, through a partial cash tender offer.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Downgrades and Withdraws Credit Ratings of QCA Health Plan, Inc.

Retrieved on: 
Wednesday, August 14, 2019
Professional services, Insurance, Finance, Credit rating agencies, Centene Corporation, AM Best, Rating, Cellular automata, Quantum information science, Companies, Economy of the United States, Quantum dot cellular automaton

Concurrently, AM Best has withdrawn the ratings of QCA Health Plan, Inc. at the companys request to no longer participate in AM Bests interactive rating process.

Key Points: 
  • Concurrently, AM Best has withdrawn the ratings of QCA Health Plan, Inc. at the companys request to no longer participate in AM Bests interactive rating process.
  • The ratings reflect QCA Health Plans balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
  • While Centene has sufficient financial flexibility to support QCA Health Plan, Inc. if needed, AM Best has not received any information regarding Centenes future plans for QCA Health Plan, Inc.
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Its Subsidiaries

Retrieved on: 
Wednesday, August 14, 2019
Finance, Banking, Professional services, Insurance, Finance, Credit rating agencies, Economy, Reinsurance companies, Credit, Credit rating, Rating, Reinsurance Group of America, AM Best

AM Best also has affirmed the Long-Term ICR of a- and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of a- and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Issue Credit Rating to Hallmark Financial Services, Inc.’s New Senior Unsecured Notes

Retrieved on: 
Wednesday, August 14, 2019
Insurance, Professional services, Finance, Economy, Money, Credit rating agencies, Credit, Credit rating, Rating, AM Best

AM Best has assigned a Long-Term Issue Credit Rating of bbb- to the $50 million 6.25% 10-year senior unsecured notes due August 2029 issued by Hallmark Financial Services, Inc. (Hallmark Financial) (headquartered in Dallas, TX) [NASDAQ: HALL].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb- to the $50 million 6.25% 10-year senior unsecured notes due August 2029 issued by Hallmark Financial Services, Inc. (Hallmark Financial) (headquartered in Dallas, TX) [NASDAQ: HALL].
  • AM Best expects Hallmark Financial to use the proceeds from this offering to retire the $30 million outstanding under its revolving credit facility.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Issue Credit Rating to Sun Life Financial Inc.’s Subordinated Debentures

Retrieved on: 
Wednesday, August 14, 2019
Professional services, Insurance, Finance, Credit rating agencies, Finance, Economy, Credit, Credit rating, Rating, AM Best

AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the CAD 750 million 2.38% fixed-to-floating rate Series 2019-1 subordinated debentures due Aug. 13, 2029 issued by Sun Life Financial Inc. (SLF) (Ontario, Canada) [NYSE: SLF].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the CAD 750 million 2.38% fixed-to-floating rate Series 2019-1 subordinated debentures due Aug. 13, 2029 issued by Sun Life Financial Inc. (SLF) (Ontario, Canada) [NYSE: SLF].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Credit Ratings to Seguradora Internacional de Moçambique, S.A.

Retrieved on: 
Wednesday, August 14, 2019
Professional services, Insurance, Finance, Credit rating agencies, Finance, Economy, Credit rating, AM Best, SIM card

AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of bb to Seguradora Internacional de Moambique, S.A. (SIM) (Mozambique).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of bb to Seguradora Internacional de Moambique, S.A. (SIM) (Mozambique).
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Upgrades Credit Ratings of Premera Blue Cross and Its Subsidiaries

Retrieved on: 
Wednesday, August 14, 2019
Professional services, Insurance, Finance, Finance, Credit rating agencies, Economy, Health insurance in the United States, Premera Blue Cross, Credit rating, AM Best

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a from a- of Premera Blue Cross and its subsidiaries, LifeWise Assurance Company and LifeWise Health Plan of Washington.

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a from a- of Premera Blue Cross and its subsidiaries, LifeWise Assurance Company and LifeWise Health Plan of Washington.
  • The outlook of the Credit Ratings (ratings) has been revised to stable from positive.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Delvag Versicherungs-AG

Retrieved on: 
Wednesday, August 14, 2019
Professional services, Insurance, Finance, Finance, Credit rating agencies, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Delvag Versicherungs-AG (Delvag) (Germany).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Delvag Versicherungs-AG (Delvag) (Germany).
  • The outlook of these Credit Ratings (ratings) remains stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Dun & Bradstreet Releases Study on the Automation Transformation in Finance

Retrieved on: 
Thursday, August 15, 2019
Credit rating agencies, Finance, Millburn, New Jersey, Bradstreet, Automation, Money, Dun & Bradstreet, Financial markets

SHORT HILLS, N.J., Aug. 15, 2019 /PRNewswire/ -- Dun & Bradstreet today announced the findings of a multi-national study on how responding finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation.

Key Points: 
  • SHORT HILLS, N.J., Aug. 15, 2019 /PRNewswire/ -- Dun & Bradstreet today announced the findings of a multi-national study on how responding finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation.
  • "Dependable and comprehensive data is at the core of successful automation," shared Andrew Hausman, General Manager of Dun & Bradstreet's Finance Solutions.
  • In May 2019, Dun & Bradstreet collected approximately 250 responses via an online survey about automation trends from multi-national finance and credit leaders.
  • Dun & Bradstreet, the global leader in commercial data and analytics, enables companies around the world to improve their business performance.