OREANDA-NEWS. A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Citadel Reinsurance Company Limited (Citadel Re) (Hamilton, Bermuda). In addition, A.M. Best has revised the outlooks to negative from stable and affirmed the FSR of B+ (Good) and Long-Term ICR of “bbb-” of Citadel Re’s subsidiary, American Millennium Insurance Company (AMIC) (Bridgewater, NJ).

Concurrently, A.M. Best affirmed the FSR of B++ (Good) and Long-Term ICR of “bbb+” of Great Falls Insurance Company (Great Falls) (Auburn, ME). The outlook of these Credit Ratings (ratings) is stable.