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AM Best Upgrades Credit Ratings of Knighthead Annuity & Life Assurance Company

Jul 10, 2019 - Business Wire
Financial Results

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings to "a-" from "bbb+" of Knighthead Annuity & Life Assurance Company (Knighthead Annuity) (Cayman Islands). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

The ratings reflect Knighthead Annuity's balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business prof...