A.M. Best Removes From Under Review and Upgrades Issuer Credit Rating of Echelon Financial Holdings Inc.

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” of Echelon Financial Holdings Inc. (EFH) [TSX:EFH] (Mississauga, Ontario), following the recent announcement that EFH has completed the sale of its subsidiary, Qudos Insurance A/S, a vehicle that writes non-standard auto and program business primarily in Ireland, the United Kingdom and Denmark. The outlook assigned