A.M. Best has revised the outlook of the National Telecom Corporation (NTC), a telecommunications company based in Burlington, Vermont, from positive to stable.
The ratings company also affirmed the financial strength rating of “B++ (Good)” and the issuer credit rating of “bbb+” of NTC, the captive of Great American Insurance Company and Rural Trust Insurance Company.
According to A.M. Best, the action is based on the company’s improved operating and underwriting results in recent years, driven by improved expense management.
In addition, NTC has reduced its dependence on third-party fronting agreements through investments in Rural Trust Insurance Company.
NTC helps telecommunication businesses manage financial risk by providing industry specific insurance and risk management solutions.