None
EN
Moody’s Ratings upgrades Amynta’s corporate family rating to B2 with outlook stable
['Saumya Jain']
News news - Reinsurance News
Credit ratings agency Moody’s Ratings has upgraded Amynta Agency Borrower, Inc.’s (Amynta) corporate family rating to B2 from B3, its senior secured revolving credit facility and senior secured term loan rating to B1 from B2, as well as its senior unsecured notes rating to Caa1 from Caa2, and its probability of default rating to B2-PD from B3-PD based on the company’s improving credit metrics.
Moody’s explained that the outlook for these ratings is stable.
The upgrade reflects Amynta’s steady operating performance and stronger leverage and interest coverage metrics, explained Moody’s.
The credit ratings agency said, “We expect the company will maintain debt-to-EBITDA at or below current levels.
In 2025, Amynta acquired International Sureties, Nonprofit Services Insurance Agency, Inc. (NPS).