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Stock impact report

Landcar Casualty Company Receives Upgraded Credit Rating from AM Best

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Business Wire
DULUTH, Ga.--(BUSINESS WIRE)--Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best’s upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes Landcar to the classification from stable to positive.“We are pleased to receive this enhanced recognition from AM Best demonstrating the financial strength of the company,” says Kimberlee Reese, President of Landcar. “We continue to work hard to ensure we conduct all business with the utmost integrity and efficiency while providing best-in-class service to our guests.”“Landcar maintains its balance sheet strength at the very strong level, supported by AM Best’s strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and solid balance sheet liquidity,” shar Show less Read more
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