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A.M. Best Co.
A.M. Best Removes From Under Review and Affirms Ratings of GMAC Insurance Group and Its Members
August 8th, 2010
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of B++ (Good) and issuer credit ratings of "bbb" of GMAC Insurance Group (GMACI) and its members, which are led by Motors Insurance Corporation (MIC) (Southfield, MI). The outlook assigned to all ratings is stable. (See below for a detailed listing of the companies and ratings.)
On June 11, 2009, the ratings for GMACI and its members were downgraded and placed under review with developing implications. The rating actions were the result of A.M. Best's view, as well as a review of public information, regarding the operating results and financial condition of...
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Source: VerticalNews (2010-08-08)