Am best downgrades issuer credit rating of tuscarora wayne insurance company and affiliate; upgrades credit ratings of lebanon valley insurance company; revises outlooks to positive of illinois casualty company; withdraws icr of icc holdings, inc.

Oldwick, n.j.--(business wire)-- #insurance--am best has downgraded the long-term issuer credit rating (long-term icr) to “a” (excellent) from “a+” (excellent) and affirmed the financial strength rating (fsr) of a (excellent) of tuscarora wayne insurance company and its affiliate, keystone national insurance company. the outlook of the long-term icr has been revised to stable from negative while the fsr is stable. both companies are collectedly referred to as tuscarora wayne companies and are domiciled in w.
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