A.M. Best Issues Correction to Issue Credit Ratings on Surplus Notes of Certain Subsidiaries of Munich Reinsurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has issued a correction to the previously published Long-Term Issue Credit Ratings (Long-Term IR) assigned to two surplus notes issued by American Alternative Insurance Corporation and The Princeton Excess & Surplus Lines Insurance Company (both headquartered in Princeton, NJ), U.S. operating companies of Munich Reinsurance Company. The Long-Term IRs are being corrected to “a+” from “a” and is not reflective of any change in the financial position o