AM Best Withdraws Credit Ratings of ZETA Luxembourg, S.à.r.l. and Zeta II Luxembourg, S.à.r.l.
AM Best has withdrawn the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" of ZETA Luxembourg S.à.r.l. and Zeta II Luxembourg, S.à.r.l. The outlook of the Credit Ratings (ratings) was stable. Both companies are domiciled in Luxembourg. The companies have been sold to Omah S.A. by their previous owner, AmTrust Financial Services, Inc. As no current or prospective information regarding the financial condition or operating plans for the companies under the new owner is available to AM Best, no final rating reviews could be completed prior to the withdrawal.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper media use of Best's Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best's Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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