A.M. Best Upgrades Ratings of ACMAT Corporation and ACSTAR Insurance Company
January 14 2008 - 10:34AM
Business Wire
A.M. Best Co. has upgraded the issuer credit rating (ICR) to �bbb+�
from �bbb� for ACMAT Corporation (ACMAT) (New Britain, CT) (Pink
Sheets: ACMTA). A.M. Best also has upgraded the ICR to �a+� from
�a� and affirmed the financial strength rating of A (Excellent) of
ACMAT�s wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR)
(Chicago, IL.). The outlook for all ratings is stable. The
upgrading of the ICRs reflects 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, lead abatement contractors and
solid waste disposal contractors. For Best�s Ratings, an overview
of the rating process and rating methodologies, please visit
www.ambest.com/ratings. 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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