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A.M. Best Assigns Debt Rating to AmTrust Financial Services Inc. Forthcoming Preferred Share Offering

June 27, 2014

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Besthas assigned a debt rating of ďbb+Ē to the forthcoming $100 million 7.25% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ: AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see A.M. Bestís press release dated May 30, 2014.)

The proceeds from the issuance will be used in continued support and development of AmTrustís business and for other general corporate purposes. With the issuance of the preferred shares, AmTrustís adjusted debt-to-total capital and adjusted debt-to-tangible capital are approximately 23% and 32%, respectively, and are within A.M. Bestís guidelines for its current rating level. In addition, AmTrustís interest coverage ratio is expected to remain solid for this rating.

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

A.M. Best Company is the worldís oldest and most authoritative insurance rating and information source. For more information, visit

Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best

Brian OíLarte, 908-439-2200, ext. 5138

Senior Financial Analyst



Jim Peavy, 908-439-2200, ext. 5644

Assistant Vice President, Public Relations


Michael Lagomarsino, CFA, 908-439-2200, ext. 5810

Assistant Vice President

Source: A.M. Best

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Source: Business Wire

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