|[December 18, 2012]
A.M. Best Withdraws Ratings of MSI Preferred Insurance Company
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. has withdrawn the financial strength rating of A+
(Superior) and issuer credit rating of "aa-" of MSI (News - Alert) Preferred
Insurance Company (MSI Preferred). This follows the sale of MSI
Preferred to COUNTRY Mutual Insurance Company from Middlesex
Mutual Assurance Company (Middletown, CT) and its subsequent merger
into COUNTRY Preferred Insurance Company, the surviving company.
All companies are members of the COUNTRY Financial PC Group, led
by COUNTRY Mutual and domiciled in Bloomington, IL, unless otherwise
noted. The merger was effective Septembr 30, 2012.
The methodology used in determining these ratings is Best's Credit
Rating Methodology, which provides a
comprehensive explanation of A.M. Best's rating process and contains the
different rating criteria employed in the rating process. Best's Credit
Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS
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