StockNews.AI
ICCH
StockNews.AI
26 days

AM Best Downgrades Issuer Credit Rating of Tuscarora Wayne Insurance Company and Affiliate; Upgrades Credit Ratings of Lebanon Valley Insurance Company; Revises Outlooks to Positive of Illinois Casualty Company; Withdraws ICR of ICC Holdings, Inc.

1. AM Best downgraded Long-Term ICR of Tuscarora Wayne Insurance Companies to 'a'. 2. The outlook for Long-Term ICR is stable but FSR remains at 'A'.

2m saved
Insight
Article

FAQ

Why Bearish?

The downgrade in credit rating can lead to investor loss of confidence. Historical precedents show that similar downgrades can lead to decreased stock prices, impacting overall market perception.

How important is it?

The downgrade could flag potential risks associated with related insurance companies affecting investor sentiments toward ICCH.

Why Short Term?

Investors typically react quickly to credit rating changes, potentially impacting ICCH stock soon.

Related Companies

TWNCKNICAFLPRU
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Tuscarora Wayne Insurance Company and its affiliate, Keystone National Insurance Company. The outlook of the Long-Term ICR has been revised to stable from negative while the FSR is stable. Both companies are collectedly referred to as Tuscarora Wayne Companies and are domiciled in W.

Related News