A.M. Best Downgrades Issuer Credit Rating of AvMed, Inc.
The rating action reflects the continued decline in AvMed’s absolute capital and a corresponding decrease in its risk-adjusted capital for year-end 2016. The
AvMed’s management is in the process of executing an operating performance improvement plan, including initiatives focused on developing a more cost efficient operating model. Furthermore, the
Future positive rating action may occur if AvMed reports a sustained trend of profitable operating results and a trend of improved risk-adjusted capital. Future negative rating actions could occur if operating losses continue or risk-adjusted capital declines further.
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
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