AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Energy Risk Indemnity Reinsurance Inc.
MEXICO CITY--(BUSINESS WIRE)--Jan 10, 2019--AM Best has maintained the under review with developing implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Energy Risk Indemnity Reinsurance Inc. (ERI Re) (Barbados).
The Credit Ratings (ratings) were placed under review with developing implications on Dec. 6, 2018, as AM Best’s original rating decision was appealed based on material new information. AM Best has maintained the under review status, as ERI Re has presented information to resolve the rating issues. However, the ratings will remain under review until the successful implementation of such information is finalized. AM Best expects to resolve the under review status during the second quarter of 2019.
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 web page. For additional information regarding the use and limitations of Credit Rating opinions, please view . For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view .
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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CONTACT: Elí Sánchez
Senior Financial Analyst
+52 55 1102 2720, ext. 108
Senior Director, Analytics
+52 55 1102 2720, ext. 107
Manager, Public Relations
+1 908 439 2200, ext. 5159
Director, Public Relations
+1 908 439 2200, ext. 5644
KEYWORD: BARBADOS MEXICO EUROPE CENTRAL AMERICA CARIBBEAN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: AM Best
Copyright Business Wire 2019.
PUB: 01/10/2019 02:44 PM/DISC: 01/10/2019 02:44 PM