A.M. Best Upgrades Ratings of ACMAT Corporation and ACSTAR Insurance Company
2008年1月15日 - 1:34AM
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A.M. Best Co. has upgraded the issuer credit rating (ICR) to �bbb+�
from �bbb� for ACMAT Corporation (ACMAT) (New Britain, CT) (Pink
Sheets: ACMTA). A.M. Best also has upgraded the ICR to �a+� from
�a� and affirmed the financial strength rating of A (Excellent) of
ACMAT�s wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR)
(Chicago, IL.). The outlook for all ratings is stable. The
upgrading of the ICRs reflects ACSTAR�s strong capital position,
historically strong operating performance and conservative risk
management approach. The company is a provider of surety bonds for
general building, specialty trade, environmental remediation and
asbestos abatement contractors, lead abatement contractors and
solid waste disposal contractors. 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
global full-service credit rating organization dedicated to serving
the financial and health care service industries, including
insurance companies, banks, hospitals and health care system
providers. For more information, visit www.ambest.com.
ACMAT (PK) (USOTC:ACMT)
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ACMAT (PK) (USOTC:ACMT)
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