Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
A.M. Best Co.
A.M. Best Downgrades Ratings of Penn Treaty Network America Insurance Company and Penn Treaty American Corporation
January 23rd, 2009
A.M. Best Co. has downgraded the financial strength rating (FSR) to E (Under Regulatory Supervision) from D (Poor) and issuer credit ratings (ICR) to “rs” from “c” of Penn Treaty Network America Insurance Company (Penn Treaty Network America) and American Network Insurance Company (American Network). A.M. Best also has downgraded the ICR to “d” from “c” of the holding company, Penn Treaty American Corporation (Penn Treaty) (NYSE:PTA). Concurrently, A.M. Best has affirmed the FSR of D (Poor) and ICR of “c” of American Independent Network Insurance Company of New York (American Independent Network) (New York, NY). The outlook for American Independent Network’s ratings is...
Source: Health Business Week (2009-01-23)
|
