AM Best Withdraws Credit Ratings of TM hf.

AMSTERDAM--(BUSINESS WIRE)--AM Best has maintained the under review with developing implication status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” TM hf. (TM) (Iceland). Concurrently, AM Best has withdrawn these Credit Ratings (ratings) as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect TM’s balance sheet strength, which AM Best categorises as strong, as well as its adequate oper