AM Best Downgrades Credit Ratings of American Southern Group's Members; Affirms Credit Ratings of Atlantic American Corporation and Bankers Fidelity Life Insurance Group's Members [Yahoo! ...
Atlantic American Corporation (AAME)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Long-Term Issuer Credit Ratings (Long-Term ICRs) to "a-" (Excellent) from "a" (Excellent) of American Southern Insurance Company (Topeka, KS), and its wholly owned and 100% reinsured subsidiary, American Safety Insurance Company (collectively referred to as American Southern Group). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of the publicly traded parent company, Atlantic American Corporation (Atlantic American) [NASDAQ: AAME]. The outlook of these Credit Ratings (ratings) has been revised to negative from stable. Additionally, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of "a-" (Excellent) of Bankers Fidelity Life Insurance Company, and its wholly owned and 100% reinsured subsidiaries, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company (collectively referred to as Bankers Fidelity Life Insurance Group [BFLIG]). The outlook of these ratings is stable. All companies are domiciled in Atlanta, GA, unless oth
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