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A.M. Best Comments on the Ratings of Toyota Motor Insurance Company CONTACTS:
FOR IMMEDIATE RELEASE OLDWICK, N.J., Feb. 9, 2009—A.M. Best Co. has commented that the financial strength rating of A- (Excellent), ICR of “a-” and stable outlook of Toyota Motor Insurance Company (Cedar Rapids, IA) are unchanged. In light of the recent recalls surrounding Toyota Motor Corporation, the ultimate parent of Toyota Motor Insurance Company, A.M. Best remains neutral and will monitor the developments of the situation on an ongoing basis. A.M. Best remains the leading rating agency of captive insurers rating a wide variety of more than 200 captives in the United States and throughout the world. For current Best’s Ratings and independent data on the captive and alternative insurance market, please visit www.ambest.com/captive. The principal methodologies used in determining these ratings, including any additional methodologies and factors, which 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. ### |
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