A.M. Best Assigns Rating to ACMAT Corporation
10 Julho 2007 - 10:51AM
Business Wire
A.M. Best Co. has assigned an issuer credit rating (ICR) of �bbb�
to ACMAT Corporation (New Britain, CT) [PinkSheets: ACMTA], the
parent holding company of ACSTAR Insurance Company (ACSTAR)
(Chicago, IL). The outlook for the rating is stable. A.M. Best
affirmed the financial strength rating (FSR) of A (Excellent) and
ICR of �a� of ACSTAR on April 20, 2007. The ICR reflects the strong
capital position of the company�s principal operating subsidiary,
ACSTAR, as well as the group�s historically strong operating
performance. Somewhat offsetting these positive rating factors is
the group�s limited profile as a monoline writer of commercial
surety contracts. For Best�s Ratings, an overview of the rating
process and rating methodologies, please visit
www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a
full-service credit rating organization dedicated to serving the
financial services industries, including the banking and insurance
sectors. For more information, visit www.ambest.com.
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