Best Downgrades Kingsway and Affiliates Ratings; Assigns Negative Outlook - Surety Bond Forums

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10-07-2011, 03:10 AM

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Best Downgrades Kingsway and Affiliates Ratings; Assigns Negative Outlook

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “c” from “ccc” and senior debt ratings to “c” from “ccc” of Kingsway Financial Services Inc (KFSI) and Kingsway America Inc. (KAI). Best has also downgraded the financial strength …

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