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 www.ambest.com/ratings/methodology.
Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS
Brian OíLarte, 908-439-2200, ext. 5138
Senior Financial Analyst
Assistant Vice President, Public Relations
Assistant Vice President