AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Energy Risk Indemnity Reinsurance Inc.
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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 Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper [..].
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