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News - Quanta receives further downgrades.
(From Reinsurance)
AM Best has downgraded Quanta's financial strength ratings (FSR) to B++ (Very Good) from A- (Excellent), and the issuer credit ratings (ICR) to "bbb" from "a-". The ratings apply to Quanta Reinsurance (Quanta Re, Hamilton, Bermuda), its subsidiaries and Quanta Europe (Dublin, Ireland).
AM Best has also downgraded Quanta's ICR to "bb" from "bbb-" and the securities rating to "b+" from "bb" of its $75m 10.25% Series A non-cumulative perpetual preferred shares. All ratings have been placed ...
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