Standard & Poor’s Ratings Services has withdrawn its ‘A+’ counterparty credit and financial strength ratings on the Mountbatten Surety Co. Inc. at the company’s request.
“This rating action followed the company’s sale by Zurich Financial Services, its ultimate parent,” said S&P’s credit analyst Grace Osborne. “All existing policyholder liabilities prior to the sale remain obligations of the Zurich U.S. Intercompany Pool, the members of which have an ‘A+’ financial strength rating.”
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