-- Tower (ASX:TWR, NZE:TWR) said AM Best has reaffirmed its financial strength rating at "A-Excellent" and its long-term issuer credit rating at "a-Excellent," both with a stable outlook, according to a Tuesday filing with the New Zealand bourse.
The agency attributed the ratings to the company's strong balance sheet, adequate operating performance, neutral business profile, and sound risk management, the filing added.