AM Best Downgrades Credit Ratings of Mercury Casualty Group’s Members and Mercury General Corporation
Mercury General Corporation (MCY)
Last mercury general corporation earnings: 2/10 08:30 am
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US:NYSE Investor Relations:
mercuryinsurance.com/investor-information
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Mercury Casualty Group (Mercury) (headquartered in Los Angeles, CA). Concurrently, AM Best has downgraded the Long-Term ICR to “bbb+” from “a-” of the organization’s publicly traded ultimate parent, Mercury General Corporation (MGC) (Los Angeles, CA) [NYSE: MCY]. In addition, AM Best has downgraded the Long-Term Issue Credit Rating to “bbb+” from “a-” on MGC’s $375 million 4.4% senior unsecured notes due 2027. The outlook for all of these Credit Ratings (ratings) has been revised to stable from negative. Additionally, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of the insurance entities within the American Mercury Insurance Group (AMI) (headquartered in Oklahoma Cit
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MCY
Earnings
- 2/13/24 - Beat
MCY
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- MCY's page on the SEC website