A.M. Best Co.
A.M. Best Downgrades Ratings of Penn Treaty Network America Insurance Company and Penn Treaty American Corporation
Published in State and Local Health Law Weekly, January 22nd, 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...
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