OLDWICK, N.J., June 16, 2022–(BUSINESS WIRE)–AM Greatest has commented that the Credit score Rankings (rankings) of Sutton Specialty Insurance coverage Firm and Sutton Nationwide Insurance coverage Firm (each domiciled in Oklahoma Metropolis, OK) (collectively known as Sutton Nationwide) are unchanged following the announcement by Vida Capital that it could promote 34,218,366 shares of Randall & Quilter Funding Holdings Ltd. (R&Q). The R&Q shares have been pledged as collateral by Brickell PC Insurance coverage Holdings LLC (Brickell PC) to a mortgage provided by Vida Capital to 777 Companions LLC, the principle financial backer of Brickell PC. Brickell PC is the dad or mum of Sutton Nationwide.
Assuming the sale of the shares is accomplished as contemplated presently, AM Greatest doesn’t count on the transactions execution to end in any instant modifications to Sutton Nationwide’s rankings.
AM Greatest will proceed to observe the transactions and take any acceptable actions ought to they turn into needed.
This press launch pertains to Credit score Rankings which have been revealed on AM Greatest’s web site. For all score info regarding the discharge and pertinent disclosures, together with particulars of the workplace accountable for issuing every of the person rankings referenced on this launch, please see AM Greatest’s Current Score Exercise net web page. For extra info relating to the use and limitations of Credit score Score opinions, please view Information to Greatest’s Credit score Rankings. For info on the correct use of Greatest’s Credit score Rankings, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Rankings & Assessments.
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