OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the $200 million 8.00% deferrable subordinated debentures due Sept. 15, 2034, issued in 2004 and amended in 2015, by Oil Casualty Insurance Ltd. (OCIL) (Bermuda). The outlook assigned to the Credit Rating (rating) is stable. During the year ended Nov. 30, 2016, the company repurchased and retired a portion of the debentures with a par value of $5 million. During prior years, the company had repurc
