A.M. Best Places Rating of Afianzadora Insurgentes, S.A. de C.V. Under Review With Negative Implications
January 18 2007 - 11:23AM
Business Wire
A.M. Best Co. has placed the financial strength rating of A-
(Excellent) of Afianzadora Insurgentes, S.A. de C.V. (AISA) (Mexico
City, Mexico) under review with negative implications. This rating
action is a result of The St. Paul Travelers Companies, Inc.�s (St.
Paul Travelers) (St. Paul, MN) [NYSE: STA] decision to sell its
Mexican surety company, AISA, to Estrainver S.A. de C.V.
(Estrainver), a closely held Mexican holding company. St. Paul
Travelers and Estrainver have entered into a definitive sale
agreement, which is subject to approval of the Mexican regulatory
authorities. The rating will remain under review until the sale is
finalized. For Best�s Ratings, an overview of the rating process
and rating methodologies, please visit www.ambest.com/ratings.
Founded in 1899, A.M. Best Company is a full-service credit rating
organization dedicated to serving the financial services
industries, including the banking and insurance sectors. For more
information, visit www.ambest.com.
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