OLDWICK, N.J.–(BUSINESS WIRE)– #insurance–AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Knighthead Annuity & Life Assurance Company (Knighthead Annuity) (Cayman Islands) and its affiliate Merit Life Insurance Co. (Merit) (Charlotte, NC) (collectively referred to as Knighthead Insurance Group). The outlook of these Credit Ratings (ratings) is stable. In addition, AM Best has a assigned a Long-Term Issue Credit Rating