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A.M. Best Upgrades Issuer Credit Ratings of Jevco Insurance Company and The ...
OLDWICK, N.J., Mar 27, 2012 (BUSINESS WIRE) -- A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++ (Good) of Jevco Insurance Company (Jevco) (Quebec). Concurrently, A.M. Best has upgraded the ICR to “bb+” from “bb” of Jevco’s publicly traded parent, The Westaim Corporation (Westaim) (Ontario) [TSX:WED]. The outlook for all ratings has been revised to positive from stable.
Source: MarketWatch (press release)