Citadel draws line in sand with significant capital raise
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Bermuda-based Citadel Reinsurance Company.
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Citadel Reinsurance Company, Rating, AM Best, Downgrade, Bermuda