GAINSCO’s Insurance Subsidiary Upgraded to B+ by A.M. Best

DALLAS, Texas, February 7, 2011 – GAINSCO, INC. today announced that A.M. Best, the principal rating agency of the insurance industry, upgraded the financial strength rating (FSR) of GAINSCO, Inc.’s principal insurance subsidiary, MGA Insurance Company, Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also upgraded [...]