A.M. Best has upgraded the Financial Strength Ratings (FSR)to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings(Long-Term ICR) to "aa-" from "a+" of (Bermuda), Wilton ReassuranceCo. (Minneapolis, MN), Texas Life Insurance Co. (Waco, TX), (Rye Brook, NY), Wilcac Life Insurance Co. (Jacksonville, IL) and (Carmel, IN), collectively referred to as Wilton Re. The outlook of theseCredit Ratings (ratings) has been revised to stable from positive.
A.M. Best also has upgraded the Long-Term ICRs to "a-"from "bbb+" of Wilton Re Ltd (Nova Scotia, Canada) and Wilton ReFinance, LLC (Wilton Re Finance) (Delaware), as well as the Long-Term IssueCredit Rating to "a-" from "bbb+" on the $300 million5.875% senior unsecured notes due 2033 of Wilton Re Finance. The notes areunconditionally guaranteed by its parent companies, Wilton Re U.S. Holdings,Inc. and Wilton Re Ltd. A.M. Best notes that Wilton Re Ltd's adjusted financialleverage and interest coverage are within A.M. Best's expectation. The outlookof these ratings has been revised to stable from positive.
Additionally, A.M. Best has affirmed the FSR of A(Excellent) and the Long-Term ICR of "a" of ivari (Toronto, Ontario,Canada). The outlook of these ratings is stable.