AM Best Places Credit Ratings of VR Insurance Holdings, Inc.'s Insurance Subsidiaries Under Review With Negative Implications [Yahoo! Finance]
PhenixFIN Corporation (PFX)
Company Research
Source: Yahoo! Finance
B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of National Security Fire and Casualty Company (NSFC). AM Best also has placed under review with negative implications the FSR of B+ (Good) and the Long-Term ICR of "bbb-" (Good) of NSFC's wholly owned subsidiary, Omega One Insurance Company, Inc. (Omega). In addition, AM Best has placed under review with negative implications the FSR of B++ (Good) and the Long-Term ICR of "bbb" (Good) of NSFC's affiliated life/health insurer, National Security Insurance Company (NSIC). All companies are domiciled in Elba, AL and are subsidiaries of VR Insurance Holdings, Inc. The Credit Ratings (ratings) of National Security Group's members, NSFC and Omega, as well as the ratings of NSIC have been placed under review with negative implications following the announcement that it will be acquired by PhenixFin, a publicly traded asset management group. The under review with negative implications reflects the need for AM
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