AM Best assigns rating to
AM Best Co. has assigned an issuer credit rating of 'a-' and affirmed the financial strength rating of A- of Transmonde Services Insurance Company Limited.
Concurrently, AM Best has downgraded the ICR to ``c'' from ``cc'' and most debt ratings of Scottish Re. AM Best also has affirmed the remaining debt ratings of Scottish Re and Scottish Holdings Statutory Trust II and III. All ratings have been removed from under review with negative implications and assigned a negative outlook.