A.M. Best Affirms Ratings of ACMAT Corporation and ACSTAR Insurance Company
29 May 2009 - 2:23AM
Business Wire
A.M. Best Co. has affirmed the issuer credit rating (ICR)
of �bbb+� of ACMAT Corporation (ACMAT) (New Britain, CT)
[Pink Sheets: ACMTA]. A.M. Best also has affirmed the financial
strength rating of A (Excellent) and the ICR of �a+� of ACMAT�s
wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR)
(Chicago, IL.). The outlook for all ratings is stable.
The rating affirmations reflect ACSTAR�s strong capital
position, historically strong operating performance and
conservative risk management approach. The company is a provider of
surety bonds for general building, specialty trade, environmental
remediation and asbestos abatement contractors, as well as for lead
abatement contractors and solid waste disposal contractors.
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.
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