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A.M. Best Upgrades Ratings of Developers Surety and Indemnity Company and Indemnity Company of California

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit ratings to “a” from “a-” of Developers Surety and Indemnity Company (Developers) (West Des Moines, IA) and its wholly owned subsidiary, Indemnity Company of California (Indemnity) (Irvine, CA). All ratings have been removed from under review with positive implications and assigned a stable outlook.