OREANDA-NEWS. A.M. Best has revised the issuer credit rating (ICR) outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of “a+” of the ongoing property/casualty (P/C) subsidiaries of XL Group Ltd (XL) (Bermuda) [NYSE: XL]. The outlook for the FSR remains stable. In addition, A.M. Best has revised the ICR and the issue rating outlooks to stable from negative and affirmed the ICRs of “bbb+” and the issue ratings of XLIT Ltd (Cayman Islands). A.M. Best also has assigned an ICR of “bbb+” to XL, which is the recently formed ultimate holding company that completed XL’s redomestication to Bermuda from Ireland. The outlook assigned to this rating is stable. Concurrently, A.M. Best has withdrawn the ICR of “bbb+” of XL Group plc (Ireland).