A.M. Best Co. has affirmed the financial strength ratings of 43 Canadian property/casualty companies, upgraded five ratings, assigned three ratings and downgraded one rating.

In addition, A.M. Best has assigned each company an issuer credit rating.

These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive rating process.

A.M. Best uses the same rating scale and definitions as it does for its long-term financial strength interactive ratings but applies a pd modifier to ensure the user is aware of the more limited information basis for the rating.

See the attached news release for a detailed list of the companies and ratings.