A.M. Best Co. in Oldwick, N.J., said today it has upgraded Lloyd's Syndicate 2001, which is managed by Amlin Underwriting Limited.

The firm said it raised the rating to "A-plus" (Superior) from "A" (Excellent) and the issuer credit rating to "double-a-minus" from "a-plus."

At the same time, Best upgraded Amlin plc, the non-operating holding company of the Amlin group of companies, issuer credit rating to "a-minus" from "triple-b-plus," and the debt ratings to "triple-b-plus" from "triple-b" on the fixed-to-floating rate subordinated notes issued by Amlin as follows: on $50 million due in 2019; $50 million due in 2020; and ?230 million ($472,056,600) due in 2026. The outlook for all ratings is stable.

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