A.M. Best Affirms Ratings of Beazley Group plc; Revises Outlook to Positive
A.M. Best Co. has affirmed the issuer credit rating (ICR) of "bbb+" of Beazley Group plc (Beazley) (United Kingdom), the non-operating holding company of the Beazley group of companies, and the debt ratings of "bbb-" on the GBP 150 million (USD 296 million) junior subordinated notes due 2026 and the USD 18 million junior subordinated notes due 2034 issued by Beazley. The outlook on all ratings has been revised to positive from stable, in line with the outlook on the ICRs of Lloyd's Syndicate 2623 and Lloyd's Syndicate 623, which are managed by Beazley Furlonge Ltd.
For Best's Debt Ratings, all other 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.
Source: OLDWICK, N.J.--(BUSINESS WIRE)-- | Published on May 24, 2007
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