A.M. Best Co. has commented that the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of Commerce Group (Commerce) (Webster, MA) and its members remain unchanged following the recent announcement that Commerce's parent, The Commerce Group, Inc. (Commerce, Inc.) (Webster, MA) [NYSE:CGI] has entered into a definitive agreement to be acquired by MAPFRE S.A. (MAPFRE) (Spain). (See below for a detailed listing of the companies and ratings.)Commerce and its operations will be acquired for a total purchase price of approximately $2.2 billion and merged into a U.S. subsidiary of MAPFRE.....
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