AM Best Downgrades Credit Ratings of SanlamAllianz Re Ltd; Revises Under Review Status to Developing Implications
LONDON--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of SanlamAllianz Re Ltd (SAZ Re) (Mauritius). Concurrently, AM Best has maintained the under review status for these Credit Ratings (ratings) and revised the implications status to developing from negative.The ratings reflect SAZ Re’s balance sheet strength, which AM Best assesses as strong, as well as its st