A.M. Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of One Alliance Insurance Corporation

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb-“ of One Alliance Insurance Corporation (One Alliance) (San Juan, Puerto Rico). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings were placed under review with negative implications on Feb. 1, 2018, due to the uncertainty surrounding a previo