A.M. Best Revises Ratings of Vesta Insurance Group.OLDWICK, N.J. -- A.M. Best Co. has revised the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) to E (Under Regulatory Supervision) from C++ (Marginal) and the issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) to "d" from "b" for the property/casualty affiliates of Vesta Insurance Group (Vesta). Concurrently, A.M. Best has revised the ICR to "d" from "cc" for Vesta's parent, Vesta Insurance Group, Inc. (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : VTAI). Additionally, A.M. Best has revised the senior debt ratings to "d" from "cc" for Vesta's $100 million 8.75% senior unsecured debentures, due 2025 and to "d" from "c" for Vesta Capital Trust I's $100 million 8.525% deferrable capital securities, due 2027. All companies are located in Birmingham, AL. The rating revisions pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to the following property/casualty affiliates of the Vesta Insurance Group: --Vesta Fire Insurance Corporation --Florida Select Insurance Company --The Hawaiian Insurance & Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Company, Limited --Shelby Casualty Insurance Company --The Shelby Insurance Company --Texas Select Lloyds Insurance Company --Vesta Insurance Corporation For Best's Debt Ratings, all other 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. For current Best's Ratings, independent data and analysis on more than 3,000 individual property/casualty companies and A.M. Best groups, please visit www.ambest.com/pc. 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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