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A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb” of
Pathfinder Insurance Company (Pathfinder) (Denver, CO). Concurrently, A.M. Best has withdrawn the ratings at the company’s request to no longer participate in A.M. Best’s interactive rating process.
The ratings reflect Pathfinder’s strong capitalization, as reflected in its high Best’s Capital Adequacy Ratio (BCAR), and its historically high profitability. Pathfinder is authorized to do business in 43 states and the District of Columbia. Pathfinder does not write insurance policies for the general public. Rather, it is a vehicle used by its ultimate parent,
Avis Budget Group, Inc. (ABG) [NASDAQ: CAR], to assure that to the extent possible, ABG maintains uninterrupted third party liability insurance on its automobiles that are registered in jurisdictions in which Pathfinder operates.