Effective March 31, 2015
A Best's Issuer Credit Rating (ICR) is an opinion of an issuer/entity's ability to meet its ongoing senior financial obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. For more detailed information, read our Guide to Issuer Credit Ratings.
These ratings are assigned to insurance companies, holding companies or other legal entities authorized to issue financial obligations. The insurance company ICR is the foundation for its Financial Strength Rating (FSR) and the ICR of its holding company. The FSR is derived by converting the rating from the ICR scale to the FSR scale. If an insurer issues public debt, A.M. Best will assign a rating specific to its view of the credit quality of the debt issue. The debt rating is established by reference to the insurance company ICR.
A.M. Best's rating process incorporates specific methodologies designed to address Issuer Credit Ratings and the credit marketplace. Read Insurance Holding Company and Debt Ratings, which outlines the relationship between Best's Financial Strength Ratings, Issuer Credit Ratings and Debt Ratings. View the complete Best's Credit Rating Methodology (BCRM).
A Best's Issuer Credit Rating is not a warranty of an entity's creditworthiness and ability to meet its financial obligations. View this Important Notice for complete details.
Best's Credit Ratings are proprietary and may not be reproduced without permission from A.M. Best. A company assigned a Best's Credit Rating should review the Guide to Proper Use, which outlines the acceptable parameters of the use of these ratings.
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