A.M. Best Removes from Under Review with Negative Implications and Downgrades Credit Ratings of AmTrust Financial Services, Inc. and Most Subsidiaries; Assigns Stable Outlook

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” for the members of the AmTrust Group (AmTrust). In addition, A.M. Best has removed from under review with negative implications and downgraded the Long-Term ICR of AmTrust Financial Services, Inc. (AFSI) [NASDAQ: AFSI] to “bbb-” from “bbb” and downgraded all of AFSI’s Long-Term Issue Credit Ratings (Long-Term IRs) and Indicative Long-Term IRs by one notch. Also, A.M. Best has removed from under review with negative implications and affirmed the FSR of A- (Excellent) and Long-Term ICR of “a-” of AmTrust Title Insurance Company (New York, NY). The outlook assigned to all of these Credit Ratings (ratings) is stable. See below for a listing of all companies and ratings.