A.M. Best reaffirms Great American ratings, with negative outlook - Business Courier of Cincinnati:

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A.M. Best reaffirmed Greaty American’s financial strength ratings of "A" and and issuer credit ratingsof "a" and "a-" for its life and healtg insurance subsidiaries, according to a news It cited “consistently profitable operating performance, favorable liquidity positiom and solid risk-adjusted capitalization and the breadth and depth of its distribution channels,” for the reaffirmation. It added that the by its Cincinnati-based (NYSE: AFG), in 2007, strengthens the latter’s commitment to the company.
The negative outlook is the resul of thecurrent economy, as well as Great American’ds exposure to financial-sector corporate bonds and real estate-relatedf investments, especially mortgage-backed securities, A.M. Best said. Greagt American, headquartered in Cincinnati, is an insurance holdinh company. Subsidiaries include Great Americam LifeInsurance Co., Annuity Investors Life Insurancew Co., United Teacher Associates Life Insurance Co. and Loyal American Life Insurance Co.