OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Waco Fire and Casualty Insurance Company (Waco). The outlook for both ratings has been affirmed at stable. Concurrently, A.M. Best has withdrawn these ratings upon management’s request to no longer participate in A. M. Best’s interactive rating process. Waco is currently a Tennessee domiciled captive insurer, which was formerly an admitted insurer based in
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