OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of New York Municipal Insurance Reciprocal (NYMIR) (headquartered in Albany, NY). The outlook for both ratings has been revised to negative from stable. The ratings downgrade primarily reflects NYMIR’s continued weak operating performance, including higher than expected underwriting and operating losses. This is mainly du
| < Prev | Next > |
|---|
