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FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 28, 2015 02:07 PM (EDT)
A.M. Best has withdrawn the financial strength rating of B (Fair) and the issuer credit rating of "bb" of State Trust Life and Annuities Limited (STL) (Tortola, British Virgin Islands). Both ratings had negative outlooks. The ratings withdrawal reflects the fact that the timing and amount of information being provided to A.M. Best is insufficient to support an ongoing credit opinion of the company consistent with our rating criteria.
While A.M. Best's policy dictates that a final rating update be done in conjunction with a rating withdrawal, a final rating update was unable to be completed due to the absence of sufficient financial and other information necessary to support the formation of a current credit opinion.
This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best's Ratings & Criteria Center.
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