A.M. Best Affirms Issue Credit Rating of Northwind Holdings, LLC
The Long-Term IR affirmation takes into consideration Unum’s operating subsidiaries’ current Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a”; the adequacy of cash flows at Northwind Re available to be transferred as dividends to
Northwind Holdings’ Long-Term IR and outlook may come under negative pressure if any of the following events occur: cash flows to service the note obligations become insufficient; the Credit Rating of Unum Group deteriorates; the coverage ratio of the reserves and surplus to policy benefits deteriorates; actual operating performance fails to meet certain benchmarks; and performance of its investment portfolio deteriorates. However, the Long-Term IR and outlook could benefit if a favorable trend occurs in the aforementioned categories.
This press release relates to Credit Ratings 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 see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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