Quote from Business Wire:

 

OLDWICK, N.J.–(BUSINESS WIRE)– [February 26, 2009] A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from B (Fair) and the issuer credit rating to “rs” from “bb” of CLICO (Bahamas) Limited (CLICO Bahamas) (Nassau, Bahamas). The ratings have been removed from under review with negative implications. CLICO Bahamas is an insurance member of CL Financial Limited (CLF), a holding company based in Trinidad and Tobago.

Colonial Life Ins Co (Trinidad) Ltd is a member of C L Financial Limited. (A.M.Best #: 84414)

Rating: B * (Fair)
Implication: Negative
Action: Downgraded Under Review
Effective Date: February 02, 2009

 

Trinidad and Bahamas Had Same A. M. Best Rating

I noted that before today Colonial Life Ins Co (Trinidad) Ltd and CLICO (Bahamas) Limited had the same B rating from A. M. Best.