AM Best Withdraws Credit Ratings of Mt. Morris Mutual Insurance Company
2024年7月23日 - 2:14AM
ビジネスワイヤ(英語)
AM Best has withdrawn the Financial Strength Rating of
B++(Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of
Mt. Morris Mutual Insurance Company (Mt. Morris) (Coloma, WI). At
the time of the withdrawal, the Credit Ratings (ratings) were under
review with negative implications. AM Best has withdrawn these
ratings as the company has requested to no longer participate in AM
Best’s interactive rating process.
These ratings were downgraded on July 19, 2024 (see related
press release), and while AM Best’s procedure is for a final rating
opinion to be produced in conjunction with a rating withdrawal,
this could not be produced due to insufficient available data at
the time of the rating event.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual ratings
referenced in this release, please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please
view Guide to Best's Credit Ratings. For information
on the proper use of Best’s Credit Ratings, Best’s Performance
Assessments, Best’s Preliminary Credit Assessments and AM Best
press releases, please view Guide to Proper Use of Best’s
Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance
industry. Headquartered in the United States, the company does
business in over 100 countries with regional offices in London,
Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more
information, visit www.ambest.com.
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Lauren Magro Financial Analyst +1 908 882
2082 lauren.magro@ambest.com
Kenneth Tappen Senior Financial Analyst +1 908
882 2389 kenneth.tappen@ambest.com
Christopher Sharkey Associate Director, Public
Relations +1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 882 2318 al.slavin@ambest.com