AM Best downgrades and withdraws TRUE’s credit ratings
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AM Best downgrades and withdraws TRUE’s credit ratings

The downgrades reflect Gallatin Point’s recent acquisition of a majority stake in TRUE.

By Shelby Rosenberg
February 14, 2024
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Gated community houses with palms, South Florida

AM Best has downgraded Trusted Resource Underwriters Exchange’s (TRUE’s) FSR to B++ from A- and its long-term ICR to bbb+ from a-.

The

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