OREANDA-NEWS. A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to TDC Insurance Company Limited (TDCIC) (Basseterre, St. Kitts and Nevis). The outlook assigned to each rating is stable.

The ratings reflect TDCIC’s supportive balance sheet strength, historically favorable operating results and leading market presence in the Federation of St. Kitts and Nevis, partially offset by the company’s geographic and underwriting risk concentration in the Eastern Caribbean, and the challenges that weakened economic conditions have created for TDCIC’s overall operating performance and growth opportunities. Although St. Kitts and Nevis are vulnerable to price changes in key commodities and highly dependent upon tourism, economic conditions in these territories have shown modest improvement in recent years.