OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Wayne Cooperative Insurance Company (Wayne Cooperative) (Clyde, NY). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Wayne Cooperative’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating per
