OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” with a stable outlook of National Interstate Corporation (National Interstate) (Ohio), and concurrently withdrawn the Long-Term ICR. National Interstate is now an intermediate, private holding company within American Financial Group, Inc. (American Financial Group) [NYSE/NASDAQ:AFG].
National Interstate has no outstanding debt, as its obligations were satisfied upon the acquisition of the remaining shares in the organization by American Financial Group. National Interstate will no longer be preparing external financial statements and no longer requires a Credit Rating.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
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