Am best downgrades credit ratings of hallmark financial services, inc. and its subsidiaries; maintains under review with negative implications status

Oldwick, n.j.--(business wire)-- #insurance--am best has downgraded the long-term issuer credit rating (long-term icr) to “bb” (fair) from “bbb-” (good) and associated long-term issue ratings (long-term irs) of hallmark financial services, inc. (hallmark financial) [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 be.
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