ADDING and REPLACING AM Best Downgrades Credit Ratings of First Acceptance Corporation and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Add in first sentence of release dated Dec. 22, 2022, exchange and ticker symbol for First Acceptance Corporation (Delaware): [OTCQX: FACO]. First sentence should read: AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “bb” (Fair) of the subsidiaries of First Acceptance Corporation (Delaware) [OTCQX: FACO], collectively referred to
Dec 23, 2022
