OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the issuer credit rating (ICR) to “b” from “b+” and affirmed the financial strength rating of C++ (Marginal) of United Security Assurance Company of Pennsylvania (United Security) (Souderton, PA). Following this action, the ratings remain under review with negative implications. The rating action follows A.M. Best’s review of United Security’s recently filed June 30, 2015 statutory statement which reflects a continued decline in reported
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