AM Best affirms rating of Southwest Airlines captive

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AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Texas-domiciled Triple Crown Assurance Co. (TCA). The outlook of these ratings is stable.

TCA is a captive wholly owned by Southwest Airlines Co. (SWA), a Texas-based company that operates airline company, Southwest Airlines.

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