AM Best downgrades credit ratings of Hallmark

[Al3x Lee]

[EXTERNAL LINK] - AM Best downgrades credit ratings of Hallmark - Reinsurance News

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “ccc-”

Uh oh... Is this a nail in the coffin for Hallmark?

Full details are in the article

 

[marindependent]

Ill never buy another Birthday Card without Trembling with fear.

I cannot speak for the ICR, but this part absolutely could be the end: "AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B++ (Good)"

 

[Tahoe Ray]

Better get those Mother's Day cards now...

 

[somarco]

Better get those Mother's Day cards now...

Groundhog day cards are deeply discounted . . .

 

[Al3x Lee]

https://finance.yahoo.com/news/am-best-withdraws-credit-ratings-201100756.html

"AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process."

Well that's one way to handle this.. just stop participating

 

[Newby]

[EXTERNAL LINK] - AM Best Withdraws Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries

"AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process."

Well that's one way to handle this.. just stop participating

Why would they want to pay the money just to get a bad rating?

 

[Al3x Lee]

Why would they want to pay the money just to get a bad rating?

Fair point