OLDWICK, N.J.--(Business Wire)--
A.M. Best Co. has affirmed the financial strength rating (FSR) of "A-"
(Excellent) and the issuer credit rating (ICR) of "a-" of New Technology
Insurance (NTI) (Ireland). The outlook for both ratings is stable. Concurrently,
A.M. Best has withdrawn the ratings at the company`s request and assigned a
category "NR-4" to the FSR and "nr" to the ICR. The rating actions reflect the
decisions of NTI`s management to withdraw from A.M. Best`s interactive rating
process following a change of focus towards more intra-group business.
For Best`s Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including any
additional methodologies and factors that may have been considered, can be found
at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service credit rating
organization dedicated to serving the financial and health care service
industries, including insurance companies, banks, hospitals and health care
system providers. For more information, visit www.ambest.com.
A.M. Best Company
Analysts
Timothy Prince, +(44) 20 7626 6264
timothy.prince@ambest.com
or
Mahesh Mistry, +(44) 20 7626 6264
mahesh.mistry@ambest.com
or
Public Relations
Jim Peavy, +(1) 908 439 2200, ext. 5644
james.peavy@ambest.com
or
Rachelle Morrow, +(1) 908 439 2200, ext. 5378
rachelle.morrow@ambest.com
Copyright Business Wire 2009
