OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of B++ (Good) of American Fidelity Life Insurance Company (AMFI) (Pensacola, FL). The outlook for the ICR has been revised to stable from negative while the outlook for the FSR remains stable. The downgrade of AMFI reflects ongoing regulatory obstacles that are negatively impacting the marketing of the company’s products on military bases,