AM Best has upgraded the Financial Strength Rating of National Guaranty Insurance Company of Vermont (NGIC), the captive insurance company of Waste Management Inc., to A (Excellent) from A- (Excellent). Additionally, the Long-Term Issuer Credit Rating was raised to "a" (Excellent) from "a-" (Excellent). The outlook for these ratings has been revised to stable from positive. These upgrades reflect NGIC's very strong balance sheet and operating performance, its strategic role within Waste Management's enterprise risk management program, and a consistent record of favorable operating results.
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