Tower (ASX:TWR, NZE:TWR) said AM Best has affirmed its financial strength rating and long-term issuer credit rating of A- (Excellent), both with a stable outlook, following its annual review, according to a Monday Australian bourse filing.
AM Best's rating is based on the company's balance sheet strength, which it assesses as "very strong," as well as the company's adequate operating performance, neutral business profile, and appropriate enterprise risk management, according to the filing.
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