Fitch recently reaffirmed its A- (Strong) rating for AEGIS with a Negative Outlook. However, they have removed the Negative Watch that was placed on our rating in June 2009. In this latest rating action, Fitch acknowledged AEGIS' significantly improved performance and capital levels over the previous 18 months, but they feel the competitive insurance market in which we operate remains a negative. We have also held recent conversations with Fitch, where we agreed that the agency’s rating efforts were not a significantly relevant measure of our mutual model and its ability to provide coverage to members, and accordingly we have asked them to discontinue their rating coverage of the Company. As our members and brokers continue to place significant reliance on our A.M. Best rating results, we will continue to work with their analysts to provide you with regularly updated rating reports.