The rating actions reflect Associated Mutualís adequate risk-adjusted capitalization, which has been aided by lower premium revenues. The negative outlook on the ratings reflects the trend of net losses as well as declining premium development and lower capital and surplus.
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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Senior Financial Analyst
Assistant Vice President
Manager, Public Relations
Assistant Vice President, Public Relations