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Stock impact report

AM Best Affirms Credit Ratings of Virginia Surety Seguros de México, S.A. de C.V. [Yahoo! Finance]

Assurant, Inc. (AIZ) 
Last assurant, inc. earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Rating (Long-Term ICR) of "a-" (Excellent) of Virginia Surety Seguros de México S.A. de C.V. (VSSM) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is positive. AM Best also has affirmed the Mexico National Scale Rating (NSR) of "aaa.MX" (Exceptional) of VSSM. The outlook of the NSR is stable. The ratings reflect VSSM's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The positive outlook on the FSR and Long-Term ICR reflects AM Best's expectation that the company's balance sheet strength will continue to improve, underpinned by positive bottom-line results. The company's balance sheet strength has been assessed at a strong level since it began operations in Mexico. The ratings of VSSM also factor its recent affiliation and strategic importance to Assurant, Inc., the ultimate parent as well as its risk-adjusted capitalization at the stro Show less Read more
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