A.M. Best Updates Debt Rating Methodology
A.M. Best, the oldest insurance ratings agency in the country, is trying something new with its revised debt rating methodology.
Released last month, a report on this updated approach touches on a number of topics. For one, it explains a rating category called an "issuer credit rating" (ICR), which has been in use internally at A.M. Best for nearly two years since it started rating debts in 1999, according to Larry Mayewski, executive vice president and the chief rating officer at A.M. Best.
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