AM Best raises ratings for Junto Re and Junto Seg, sets stable outlook

Credit rating agency AM Best has raised the Financial Strength Rating of Junto Resseguros S.A. (Junto Re) and Junto Seguros S.A. (Junto Seg) to A (Excellent) from A- (Excellent).The Long-Term Issuer Credit Ratings were also lifted to “a” (Excellent) from “a-” (Excellent). Both firms, headquartered in Brazil and collectively known as Junto, now carry a stable outlook, revised from the previous positive designation.AM Best attributes these ratings to Junto’s strong balance sheet, reliable operating performanc ...