A.M. Best Withdraws Ratings of State Trust Life and Annuities Limited

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating of B (Fair) and the issuer credit rating of “bb” of State Trust Life and Annuities Limited (STL) (Tortola, British Virgin Islands). Both ratings had negative outlooks. The ratings withdrawal reflects the fact that the timing and amount of information being provided to A.M. Best is insufficient to support an ongoing credit opinion of the company consistent with our rating criteria.

While A.M. Best’s policy dictates that a final rating update be done in conjunction with a rating withdrawal, a final rating update was unable to be completed due to the absence of sufficient financial and other information necessary to support the formation of a current credit opinion.

This press release relates to rating(s) that have been published on A.M. 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 visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best
Brian Spadaccino, 908-439-2200, ext. 5803
Financial Analyst
[email protected]
or
Tom Rosendale, 908-439-2200, ext. 5201
Assistant Vice President
[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best Company, Inc.

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