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A.M. Best Withdraws Ratings of Battle Creek Mutual Insurance Company

A.M. Best Withdraws Ratings of Battle Creek Mutual Insurance Company A.M. Best Withdraws Ratings of Battle Creek Mutual Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of C++ (Marginal) and issuer credit rating (ICR) of “b”of Battle Creek Mutual Insurance Company (Battle Creek) (Battle Creek, NE). The outlook for both ratings is negative.

Concurrently, A.M. Best has withdrawn the ratings and assigned a category NR-4 to the FSR and an “nr” to the ICR. These rating actions reflect Battle Creek’s decision to withdraw from A.M. Best’s interactive rating process.

The ratings reflect Battle Creek’s unfavorable operating performance and deteriorating level of surplus, which negatively impacted its risk-adjusted capitalization.

Offsetting these negative rating factors is Battle Creek’s longstanding local market presence and management’s strategies designed to improve operating performance.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

Introducing Term 25 for the

A.M. Best Co.

Analysts:

Adrienne Tortoriello, 908-439-2200, ext. 5088

adrienne.tortoriello@ambest.com

or

Rick Decker, 908-439-2200, ext. 5423

rick.decker@ambest.com

or

Public Relations:

Jim Peavy, 908-439-2200, ext. 5644

james.peavy@ambest.com

or

Rachelle Morrow, 908-439-2200, ext. 5378

rachelle.morrow@ambest.com

Source: A.M. Best Co. Copyright Business Wire 2009 A.M. Best Co. has affirmed the financial strength rating of C++ and issuer credit rating of "b"of Battle Creek Mutual Insurance Company. Concurrently, A.M. Best has withdrawn the ratings and assigned a category NR-4 to the FSR and an "nr" to the ICR.



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