A.M. Best Downgrades Credit Ratings of Nezter Seguros, S.A. de C.V.; Maintains Under Review With Negative Implications Status

MEXICO CITY–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating to C- (Weak) from C (Weak), the Long-Term Issuer Credit Rating to “ccc-” from “ccc+” and the Mexico National Scale Rating to “ccc-.MX” from “ccc+.MX” of Nezter Seguros, S.A. de C.V. (Nezter Seguros) (Mexico City, Mexico). These Credit Ratings (ratings) remain under review with negative implications. The rating downgrades reflect the continued pressure on Nezter Seguros’ risk-based capitalization, a significant