Positive Ratings Actions for Several RRGs

A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) for Community Hospital Alternative for Risk Transfer (A Reciprocal Risk Retention Group) (CHART RRG). The outlook for the ratings was revised to stable from positive.

“The ratings reflect CHART RRG’s balance sheet strength, which A.M. Best asses as very strong, as well as its strong operating performance, limited business profile, and appropriate enterprise risk management,” wrote A.M. Best in a press release. “The ratings upgrade reflects continued strengthening of CHART’s balance sheet, as measured by the trend in risk-adjusted capital and the continued benefits derived from the company’s strong operating performance.”

This is an except, for the complete article subscribe to the Risk Retention Reporter.

Leave a Reply

Your email address will not be published. Required fields are marked *