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TMCNet:  A.M. Best Withdraws Ratings of MSI Preferred Insurance Company

[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A.M. Best Co. has withdrawn the financial strength rating of A+ (Superior) and issuer credit rating of "aa-" of MSI (News - Alert) Preferred Insurance Company (MSI Preferred).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 RESERVED.


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