The ratings are based on Queen City and Vine Court's individual and combined profiles as single-parent captives of The Kroger Co. (parent) (
These significant strengths are partially offset by the companies' risk concentration, which is the result of being single-parent captives of The Kroger Co., coupled with a substantial aggregate limit retained by the captives.
Key rating triggers that could result in a downgrading of the ratings include a precipitous decline in Queen City and Vine Courtís risk-adjusted capital strength. Key rating triggers that could result in an upgrading of both companiesí ratings include a consistently profitable operating performance coupled with a substantial increase in risk-adjusted capitalization. Rating enhancement or a deterioration in the capitalization of the parent also could result in an upgrading or downgrading of the ratings.
The methodology used in determining these ratings is Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
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