OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bb+” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Standard Life & Casualty Insurance Company (Standard Life) (Salt Lake City, UT). The outlook of the Long-Term ICR has been revised to stable from negative, while the FSR outlook remains stable. The Credit Rating (rating) downgrade reflects the reduction in risk-adjusted capital and surplus driven by rea
