A.M. Best Affirms and Withdraws Ratings of Prudential Assurance Co. Limited and Prudential Plc.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength rating of A+ (Superior) of The Prudential Assurance Co. Limited (PAC) (United Kingdom) and the issuer credit rating of "a+" of Prudential Plc This article is about the British company. For the American company, see Prudential Financial. For places named after the company, see Prudential. Prudential plc (LSE: PRU, NYSE: PUK) is a United Kingdom-based financial services company. (Prudential) (United Kingdom). The ratings of the debt issued or guaranteed by Prudential have been affirmed. The rating outlook is stable. Concurrently, A.M. Best has withdrawn all ratings and assigned a rating of NR-4 (Company Request) in response to management's request that Prudential be removed from A.M. Best's interactive rating process. The rating affirmation A solemn and formal declaration of the truth of a statement, such as an Affidavit or the actual or prospective testimony of a witness or a party that takes the place of an oath. An affirmation is also used when a person cannot take an oath because of religious convictions. reflects Prudential's stable capitalisation n. 1. same as capitalization. Noun 1. capitalisation - writing in capital letters capitalization writing - letters or symbols that are written or imprinted on a surface to represent the sounds or words of a language; "he turned the paper on a risk-adjusted basis and improving operating performance. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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