OLDWICK, N.J.–(BUSINESS WIRE)–AM Greatest has positioned below overview with detrimental implications the Monetary Energy Ranking (FSR) of A (Wonderful) and the Lengthy-Time period Issuer Credit score Ranking (Lengthy-Time period ICR) of “a” (Wonderful) of Wentworth Insurance coverage Firm Restricted (Wentworth) (Barbados).
These Credit score Scores (scores) have been positioned below overview with detrimental implications as a consequence of volatility in Wentworth’s risk-adjusted capitalization place, pushed primarily by funding market fluctuations. Regardless of the assist supplied by the last word guardian, Fairfax Monetary Holdings Restricted , the corporate’s stand-alone stability sheet energy has develop into careworn. The corporate is evaluating options to carry the risk-adjusted capitalization again to prior ranges and scale back the continued volatility. Wentworth’s scores will stay below overview till a concrete motion plan is supplied by administration and AM Greatest evaluates its affect on the corporate’s present and projected risk-adjusted capitalization.
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