A.M. Best Upgrades Lloyd's
NU Online News Service, Aug. 12, 10:04 a.m. EDT?A.M. Best Co. has upgraded the rating of Lloyd's of London saying the market shows improved capitalization, but there is still worry about the long-term effects from asbestos and environmental risk.[@@]
The Oldwick, N.J.-based insurance rating service raised the financial strength rating to "A" (Excellent) from "A-minus" (Excellent). Best also assigned an issuer credit rating of "a" to Lloyds. The outlook is stable, the rating service added.
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