OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best affirmed the financial strength rating of C (Weak) and the issuer credit rating of "ccc" of Park Insurance Company (New York, NY). The outlook for both ratings is negative. Concurrently, A.M. Best has withdrawn the ratings due to management's request to no longer participate in A.M. Best's interactive rating process.
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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