AM Best Upgrades Credit Ratings of Landcar Casualty Company [Yahoo! Finance]
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
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Source: Yahoo! Finance
Long-Term Issuer Credit Rating to "a" (Excellent) from "a-" (Excellent) of Landcar Casualty Company (Landcar) (Draper, UT). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Landcar's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Landcar maintains its balance sheet strength at the very strong level supported by its strongest risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), and its solid balance sheet liquidity. Underwriting and overall operating performance has improved in recent years, while Landcar continued to execute its strategic initiatives to expand its operations into additional states and dealerships. This was subsequent to its acquisition by Asbury Automotive Group, Inc. (Asbury). Landcar's operating performance is expected to remain favorable in the
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ABG
Earnings
- 10/29/24 - Miss
ABG
Sec Filings
- 12/2/24 - Form 4
- 11/27/24 - Form 144
- 11/19/24 - Form 8-K
- ABG's page on the SEC website