Hallmark announces am best rating changes, interim final arbitration award, and partnership with an am best “a” rated carrier

Dallas, may 05, 2023 (globe newswire) -- am best announced today that it has downgraded the long-term issuer credit rating (long-term icr) to “bb” (fair) from “bbb-” (good) and the associated long-term issue ratings (long-term irs) of hallmark financial services, inc. (hallmark) [nasdaq: hall]. concurrently, am best has downgraded the financial strength rating (fsr) to b++ (good) from a- (excellent) and the long-term icrs to “bbb” (good) from “a-” (excellent) of the members of hallmark insurance group. in addition, am best has maintained the under review with negative implications status of all credit ratings (ratings).
HALL Ratings Summary
HALL Quant Ranking