AM Greatest retains Accredited scores unchanged throughout sale turmoil – Insurance coverage Age

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AM Greatest retains Accredited scores unchanged throughout sale turmoil – Insurance coverage Age

AM Greatest has confirmed that the A- (Wonderful) scores of R&Q-owned Accredited stay in place however are nonetheless below assessment.

The fronting enterprise’ scores for monetary energy and long-term issuer credit score have been put below assessment in October final yr when R&Q agreed to promote Accredited to Onex.

Nonetheless, final week R&Q introduced it was contemplating submitting for a provisional liquidation in Bermuda after which finishing the sale of Accredited to Onex via that course of as a substitute.

The replace prompted R&Q’s share worth to break down additional. Having already dropped from 50.05p to 16.5p after the October announcement, it fell once more by

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