Credit rating

AM Best Affirms Credit Ratings of American Federated Insurance Company and American Federated Life Insurance Company

Retrieved on: 
Friday, August 21, 2020
Banking, Professional services, Insurance, Finance, Insurance, Credit rating

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of bb of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of bb of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC).
  • The ratings also reflect drag from the parent holding company, First Tower Finance Company LLC (First Tower Finance).
  • The American Federated Insurance Companies are indirect, wholly owned subsidiaries of First Tower Finance, a multiline specialty finance company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Assigns Credit Ratings to Allianz México, S.A., Compañía de Seguros

Retrieved on: 
Friday, August 21, 2020
Finance, Consulting, Banking, Professional services, Insurance, Finance, Money, Credit rating agencies, Credit rating, AM Best, Tewksbury Township, New Jersey, Allianz, Bond credit rating

AM Best has assigned a Financial Strength Rating of A+ (Superior), a Long-Term Issuer Credit Rating of aa, and a Mexico National Scale Rating of aaa.MX to Allianz Mxico, S.A., Compaa de Seguros (Allianz Mexico) (Mexico City, Mexico).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A+ (Superior), a Long-Term Issuer Credit Rating of aa, and a Mexico National Scale Rating of aaa.MX to Allianz Mxico, S.A., Compaa de Seguros (Allianz Mexico) (Mexico City, Mexico).
  • A change in AM Bests perception regarding the strategic importance of Allianz Mexico to the group also could impact Allianz Mexicos ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 PVI Reinsurance Joint-stock Corporation

Retrieved on: 
Friday, August 21, 2020
Professional services, Insurance, Finance, Finance, Credit rating agencies, Money, Economy, Credit, Credit rating, Rating, AM Best, Enterprise risk management

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of PVI Reinsurance Joint-stock Corporation (PVI Re) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of PVI Reinsurance Joint-stock Corporation (PVI Re) (Vietnam).
  • The ratings reflect PVI Res balance sheet strength, which AM Best categorises as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 Ratings to Prudential Financial Inc.’s New Junior Subordinated Notes

Retrieved on: 
Friday, August 21, 2020
Consulting, Banking, Professional services, Finance, Finance, Money, Credit, Economy, Credit rating agency, Credit rating, AM Best, Prudential Financial, Subordinated debt

AM Best has assigned a Long-Term Issue Credit Rating of bbb to the 30-year, $800 million, 3.7% junior subordinated note, and the 40-year, $500 million, 4.125% junior subordinated note newly issued by Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb to the 30-year, $800 million, 3.7% junior subordinated note, and the 40-year, $500 million, 4.125% junior subordinated note newly issued by Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Ping An Health Insurance Company of China, Ltd.

Retrieved on: 
Friday, August 21, 2020
Banking, Professional services, Insurance, Finance, Credit rating agencies, Finance, AM Best, Insurance, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Ping An Health Insurance Company of China, Ltd. (Ping An Health) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Ping An Health Insurance Company of China, Ltd. (Ping An Health) (China).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Downgrades Credit Ratings of Armed Forces Insurance Exchange

Retrieved on: 
Thursday, August 20, 2020
Professional services, Insurance, Finance, Finance, Credit rating agencies, Money, Credit rating, AM Best

AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to bbb- from bbb of Armed Forces Insurance Exchange (AFIE) (Leavenworth, KS).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to bbb- from bbb of Armed Forces Insurance Exchange (AFIE) (Leavenworth, KS).
  • The outlooks of these Credit Ratings (ratings) has been revised to stable from negative.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 National Western Life Group, Inc. and Its Subsidiaries

Retrieved on: 
Thursday, August 20, 2020
Insurance, Professional services, Credit rating agencies, Geography of the United States, Credit, Credit rating, Rating, Ozarks, AM Best, Regions of the United States, States of the United States

Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- of Ozark National Life Insurance Company (Ozark) (Kansas City, MO).

Key Points: 
  • Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- of Ozark National Life Insurance Company (Ozark) (Kansas City, MO).
  • In addition, AM Best has affirmed the Long-Term ICR of bbb of National Western Life Group, Inc. (headquartered in Austin, TX) [NASDAQ:NWLI], the parent holding company of NWLIC and Ozark.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 The Hanover Insurance Group, Inc.’s Recently Announced Senior Unsecured Notes

Retrieved on: 
Thursday, August 20, 2020
Professional services, Insurance, Finance, Credit rating agencies, THG, AM Best, Credit rating, Economy

AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the new $300 million 2.5% 10-year senior unsecured notes offering, to be issued by The Hanover Insurance Group, Inc. (THG) (headquartered in Worcester, MA) [NYSE: THG].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the new $300 million 2.5% 10-year senior unsecured notes offering, to be issued by The Hanover Insurance Group, Inc. (THG) (headquartered in Worcester, MA) [NYSE: THG].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

KBRA Releases Report Assigning Ratings to Memphis-Shelby County Airport Authority Airport Revenue Refunding Bonds, Series 2020A and 2020B

Retrieved on: 
Thursday, August 20, 2020
Other Professional Services, Professional services, Finance, Finance, Money, Economy, Nationally recognized statistical rating organization, Credit rating agency, Bond credit rating, KBRA, Credit rating, Bond

On August 19, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ and Stable Outlook to Memphis-Shelby County Airport Authoritys (MSCAA) Airport Revenue Refunding Bonds, Series 2020A (Private Activity, Non-AMT) and Series 2020B (AMT).

Key Points: 
  • On August 19, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ and Stable Outlook to Memphis-Shelby County Airport Authoritys (MSCAA) Airport Revenue Refunding Bonds, Series 2020A (Private Activity, Non-AMT) and Series 2020B (AMT).
  • At the same time, KBRA affirmed the long-term rating of A+ on MSCAAs outstanding airport revenue bonds and assigned a Stable Outlook.
  • KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA).

AM Best Affirms Credit Ratings of James River Group Holdings, Ltd. and Subsidiaries

Retrieved on: 
Thursday, August 20, 2020
Professional services, Insurance, Finance, Credit rating agencies, Finance, Credit rating, AM Best

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of the rated operating subsidiaries of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of the rated operating subsidiaries of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR].
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to 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 .