AM Best Affirms Credit Ratings of Triple-S Management and Certain Life/Health Subsidiaries; Downgrades Credit Ratings of Triple-S Blue, Inc. I.I.
Triple-S Management Corporation (GTS)
Last triple-s management corporation earnings: 8/8 06:00 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/yearlynews.aspx?iid=4074762
Company Research
Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Triple-S Salud, Inc. (TSS) and its affiliate, Triple-S Vida, Inc. (TSV). AM Best also has affirmed the Long-Term ICR of “bb+” of the ultimate parent, Triple-S Management Corporation (TSM) [NYSE: GTS]. The outlook of these Credit Ratings (ratings) is stable.Furthermore, AM Best has downgraded the FSR to B+ (Good) from B++ (Good) and the Long-Term ICR to “bbb-” from “bbb” of Triple-S Blue, Inc., I.I. (TSB). These outlooks have been revised to negative from stable. All companies are domiciled in San Juan, PR.The ratings of TSS and TSV reflect the group’s aggregate balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).The capital level at TSS has increased over the near term primarily
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