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AM Best Affirms Credit Ratings of First Acceptance Corporation and Its Subsidiaries

AM Best Affirms Credit Ratings of First Acceptance Corporation and Its Subsidiaries
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AM Best Affirms Credit Ratings of First Acceptance Corporation and Its Subsidiaries

AM Best Affirms Credit Ratings of First Acceptance Corporation and Its Subsidiaries
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AM Best Downgrades Credit Ratings of First Acceptance Corporation and Its Subsidiaries

AM Best Downgrades Credit Ratings of First Acceptance Corporation and Its Subsidiaries
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AM Best Upgrades Credit Ratings of First Acceptance Corporation and Its Subsidiaries

Share: AM Best has upgraded the Financial Strength Rating (FSR) to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to bb from bb- of the subsidiaries of First Acceptance Corporation (collectively referred to as First Acceptance) (Delaware) (OTCQX:FACO). (See below for a detailed list of companies). Concurrently, AM Best has upgraded the Long-Term ICR to b- from ccc+ of First Acceptance Corporation. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect First Acceptance s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

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