OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) (Woburn, MA). The outlook of the Long-Term ICR has been revised to stable from negative, while the outlook of the FSR remains stable. The ratings reflect SBLI’s very strong balance sheet assessment as well as its adequate operating pe
