OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of American Federated Insurance Company (AFIC) (Flowood, MS). The outlook of these Credit Ratings (ratings) remains negative. AFIC is an indirect, wholly owned subsidiary of First Tower Finance Company LLC (First Tower Finance), a multi-line specialty finance company. Prospect Capital Corporation [NASDAQ:PSEC], a publicly traded closed-end investment co
