ACMT ACMAT Corp (PK)

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of ACMAT Corporation (ACMAT) (New Britain, CT) (Pink Sheets: ACMTA). A.M. Best also has affirmed the financial strength rating of A (Excellent) and ICR of “a+” of ACMAT’s wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR) (Chicago, IL). The outlook for all ratings is stable.

The rating affirmations reflect ACSTAR’s exceptionally strong risk-adjusted capitalization, historically strong operating performance, geographic diversification, effective risk management and management’s experience in managing through market cycles.

These positive rating factors are offset by ACSTAR’s limited product diversification, yearly stockholder dividends to service the modest debt at ACMAT and the recent deterioration in premium levels given ACSTAR’s correlation to construction market activity.

The outlook reflects A.M. Best’s expectation for the continuation of a prudent business strategy and strong risk-adjusted capitalization. ACSTAR is a provider of surety bonds, primarily for general building and specialty trades.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

ACMAT (PK) (USOTC:ACMT)
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ACMAT (PK) (USOTC:ACMT)
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