AM Best Upgrades Credit Ratings of Armour Secure Insurance S.A. de C.V.

MEXICO CITY--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair), the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bb” (Fair) and the Mexico National Scale Rating (NSR) to “aa-.MX” (Superior) from “a.MX” (Excellent) of Armour Secure Insurance S.A. de C.V. (Armour) (Mexico). The outlook of these Credit Rating (ratings) has been revised to stable from positive. The ratings reflect Armour’s balance sheet strength, which AM Best assesses as strong