A.M. Best upgrades rating of PMMIC
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of B++ of Petroleum Marketers Management Insurance Co. in Urbandale. The outlook for both ratings has been revised to positive from stable. A.M. Best said the ratings reflect Petroleum Marketers’ solid capitalization, sound operating performance and niche market focus within the underground and above-ground storage tank businesses.
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