Standard & Poor's Affirms MTL's Rating as "A" and Upgrades Outlook to Stable

Standard & Poor's Ratings Services (S&P) revised its 2010 outlook on MTL Insurance Company, a member of the Mutual Trust Financial Group, to stable from negative and affirmed its "A" credit and financial strength ratings on the company. According to S&P, its financial strength rating and revised outlook on MTL is based on the company's very strong capitalization, strong liquidity and competitive position, and good earnings.

"We are pleased that S&P recognized our very strong level of capitalization and the strength of our competitive position in affirming our 'A' rating," explains Stephen M. Batza, FSA, MAAA, CLU, ChFC, President & CEO of Mutual Trust Financial Group. "A change in S&P's outlook to 'stable' is a significant improvement given the unsteady economic environment and S&P's ongoing concerns regarding the strength of the life insurance industry in general."