OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Canal Insurance Company and Canal Indemnity Company, collectively referred to as Canal Group (Canal). Both companies are domiciled in Greenville, SC. The outlook of these Credit Ratings (ratings) has been revised to stable from negative. The rating downgrades are the result of Canal’s significant presence in the c
