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A.M. Best Downgrades Ratings of Argus Group Holdings Limited's Subsidiaries; Assigns Issuer Credit Rating to Argus Group Holding Limited.

Publication: Business Wire
Publication Date: 02-JUL-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating (FSR) to A- (Excellent) from A (Excellent) and assigned issuer credit ratings (ICR) of "a-" to Argus Group Holdings Limited's (AGH) (BSE: AGH.BH) subsidiaries, Argus Insurance Company Limited (AICL), Somers Isle Insurance Company Limited (SIIC) and Bermuda Life Insurance Company Limited (BLIC). The outlook for the FSR has been revised to negative from...

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