AM Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of Oregon Mutual Group Members

AM Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of Oregon Mutual Group Members

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb” (Good) from “a-” (Excellent) of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in McMinnville, OR and collectively referred to as Oregon Mutual Group. The outlooks assigned to the…