AM Best Removes From Under Review with Developing Implications and Takes Various Credit Rating Actions on American National Insurance Company and Most of Its Affiliates
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AM Best has downgraded the Long-Term Issuer Credit Rating of American National Insurance Company and its affiliates from 'a+' to 'a', while affirming their Financial Strength Rating at A (Excellent).
November 27, 2024 | 5:00 pm
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AM Best downgraded the Long-Term Issuer Credit Rating of American National Insurance Company from 'a+' to 'a', indicating a slight decrease in creditworthiness, while affirming the Financial Strength Rating at A (Excellent).
The downgrade in Long-Term ICR suggests a perceived decrease in the company's creditworthiness, which could negatively impact investor sentiment and short-term stock price. However, the affirmation of the FSR at A (Excellent) indicates continued financial strength, mitigating some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100