A.M. Best Downgrades Ratings of AvMed, Inc.

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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb+” from “bbb-” of AvMed, Inc. (AvMed) (Miami, FL). The outlook for both ratings is stable. The rating actions reflect a significant deterioration in AvMed’s absolute capital and a corresponding decline in its risk-adjusted capital for year-end 2014, which were beyond A.M. Best’s expectations. These reductions were driven by a $48.5 million net loss

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