OREANDA-NEWS. A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of Mutual Trust Life Insurance Company, a Pan-American Life Insurance Group Stock Company (MTL) (Oak Brook, IL). In addition, A.M. Best has upgraded the Long-Term Issue Credit Rating to “bbb+” from “bbb” on MTL’s $30 million 6.25% surplus notes, due March 2028. The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” of Pan-American Life Insurance Company (New Orleans, LA), its wholly owned subsidiary, Pan-American Assurance Company (New Orleans, LA), an affiliate, INRECO International Reinsurance Company (INRECO) (Cayman Islands), and an affiliate, Pan-American International Insurance Corporation (PAIIC) (Cayman Islands), a wholly owned subsidiary of INRECO — collectively referred to as the Pan-American Life Insurance Group (Pan-American Life). The outlook of these ratings is stable.