OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has withdrawn the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Valley Insurance Company (Los Angeles, CA).
The rating withdrawals are based on Valley Insurance recently being sold to an unaffiliated third party. Prior to the sale, Valley Insurance was a subsidiary of Trinity Universal Insurance Company and a member of the Kemper P & C Group.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
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