OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Sooner Insurance Company (Sooner) (Burlington, VT). The outlook of these Credit Ratings (ratings) remains stable.

The rating affirmations reflect Sooner’s excellent risk-adjusted capitalization, history of consistent strong operating profitability driven by favorable underwriting results, conservative reserve levels and the position it holds as the captive insurer for its ultimate parent, ConocoPhillips [NYSE: COP]. The ratings also consider the level of commitment on the part of ConocoPhillips, whose management incorporates Sooner as a core element in its overall risk management program.