News Column

A.M. Best Revises Outlook to Stable for American Surety Company

June 3, 2014



OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Besthas revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of ďa-Ē of American Surety Company(ASC) (Indianapolis, IN).

The stable outlook reflects ASCís improved operating earnings reported in 2013 and excellent liquidity position. The company's operating results are trending upward as ASC has weathered the recession well with further improvement in earnings expected in the medium term.

While ASC is well positioned at its current rating level, negative rating actions could occur if earnings decline and/or capitalization levels materially deteriorate.

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.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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





A.M. Best Company, Inc.

Vicky Riggs, 908-439-2200, ext. 5039

Financial Analyst

vicky.riggs@ambest.com

or

Gerard Altonji, 908-439-2200, ext. 5626

Assistant Vice President

gerard.altonji@ambest.com

or

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

Assistant Vice President, Public Relations

james.peavy@ambest.com


Source: A.M. Best Company, Inc.


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