A.M. Best Downgrades Credit Ratings of Saucon Mutual Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Saucon Mutual Insurance Company (Saucon) (Bethlehem, PA). The outlook of these Credit Ratings (ratings) has been revised to stable from negative. While Saucon maintains adequate risk-adjusted capitalization, the rating downgrades are related to the company’s limited business profile as agency distribution of its pe