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Quanta Services Subsidiary Receives Affirmed Credit Ratings from AM Best
ByAinvest
Friday, Jul 11, 2025 10:47 pm ET1min read
Quanta Services Inc's subsidiary Quanta Insurance Company has had its Financial Strength Rating and Long-Term Issuer Credit Rating affirmed by AM Best. The ratings are A- (Excellent) and "a-" (Excellent) respectively, with a stable outlook. The affirmation reflects the company's robust balance sheet, adequate operating performance, and effective enterprise risk management. This is a positive indicator of Quanta Services Inc's financial health and operational stability, making it a reliable player in the infrastructure solutions market.
Quanta Services Inc's subsidiary, Quanta Insurance Company (QIC), has received a significant boost in its financial credibility with the affirmation of its Financial Strength Rating and Long-Term Issuer Credit Rating by AM Best. The ratings, both at A- (Excellent) and "a-" (Excellent) levels respectively, reflect the company's robust balance sheet, adequate operating performance, and effective enterprise risk management. The stable outlook indicates that these positive attributes are expected to continue, providing a strong foundation for QIC's future operations.AM Best, a leading credit rating agency specializing in the insurance industry, highlighted QIC's balance sheet strength as very strong and commended its operating performance as adequate. The ratings also noted QIC's neutral business profile and appropriate enterprise risk management strategies, which are crucial for maintaining financial stability. This affirmation is a positive indicator of Quanta Services Inc's financial health and operational stability, making it a reliable player in the infrastructure solutions market.
Quanta Insurance Company is a single parent captive of Quanta Services Inc, a leading specialized contracting services company. QIC's captive orientation not only provides it with ready access to business but also benefits from its familiarity with homogeneous risk exposures, its parent's extensive training, fleet management, loss control initiatives, and workplace safety. This alignment with Quanta Services Inc's operations ensures that QIC can effectively manage risks associated with its insurance policies.
The affirmation of QIC's ratings by AM Best is a testament to the company's sound financial management and strategic positioning within the insurance sector. This positive development is likely to enhance investor confidence in Quanta Services Inc and its subsidiaries, as well as attract potential partners and clients seeking reliable infrastructure solutions.
References:
[1] https://finance.yahoo.com/news/am-best-affirms-credit-ratings-151700688.html
[2] https://www.morningstar.com/news/business-wire/20250711808912/am-best-affirms-credit-ratings-of-quanta-insurance-company-inc
[3] https://www.investing.com/news/analyst-ratings/seaport-global-securities-initiates-quanta-services-stock-with-neutral-rating-93CH-4130299
[4] https://www.investing.com/news/stock-market-news/moodys-affirms-quantas-baa3-rating-revises-outlook-to-positive-93CH-4128785
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