OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Ratings to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” from “a” of Pacific Specialty Insurance Company and Pacific Specialty Property and Casualty Company, collectively referred to as Pacific Specialty Insurance Group (Pacific Specialty). The outlooks for all Credit Ratings (ratings) remain stable. Both companies are headquartered in Palo Alto, CA. The ratings reflect Pacific Sp