Quanta hit by further downgrades
Quanta’s problems continue after AM Best downgraded the company’s financial strength ratings (FSR) to B++ (Very Good) from A- (Excellent) and the issuer credit ratings (ICR) to "bbb" from "a-".
The rating actions apply to Quanta Reinsurance (Quanta Re) (Hamilton, Bermuda), its subsidiaries and Quanta Europe (Dublin, Ireland). AM Best also has downgraded Quanta's ICR to "bb" from "bbb-" and
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