A.M. Best Withdraws Ratings of Mapfre S.A., Mapfre Asistencia and Mapfre Empresas

A.M. Best Co. has affirmed the issuer credit rating (ICR) of "a"
of Mapfre S.A. (formerly Corporacion Mapfre S.A., the holding company
of the Mapfre Group) (Spain) and the ratings of "a" on the EUR 275
million 6.02% senior unsecured debt due 2011 issued by Mapfre S.A.

A.M. Best also has affirmed the financial strength rating (FSR) of
A (Excellent) and the ICR of "a" of Mapfre Asistencia Compania
Internacional de Seguros y Reaseguros, S.A. (Spain), as well as the
FSR of A- (Excellent) and the ICR of "a-"of Mapfre Empresas, Compania
de Seguros y Reaseguros (Spain). The outlook for all ratings is
stable.

Concurrently, A.M. Best has withdrawn all debt ratings, ICRs and
FSRs at the company´s request and assigned a category NR-4 (Company
Request) to the two operating companies.

The ratings of all other rated subsidiaries of Mapfre S.A. are
unchanged.

For Best´s Debt Ratings, all other Best´s Ratings, an overview of
the rating process and rating methodologies, please visit
www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a global full-service credit
rating organization dedicated to serving the financial and health care
service industries, including insurance companies, banks, hospitals
and health care system providers. For more information, visit
www.ambest.com.