OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb+” of Kanawha Insurance Company (Kanawha) (Lancaster, SC). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, A.M. Best has withdrawn the ratings as the new parent company, HC2 Holdings, Inc. (HC2), has requested to no longer participate in
