AM Best downgrades Fuji Fire & Marine
AM Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit rating (ICR) to "bbb+" from "a-" of The Fuji Fire & Marine Insurance Company, Limited (Fuji Fire) (Japan). The ratings have been placed under review with negative implications.
Concurrently, A.M. Best has downgraded the FSR to B++ (Good) from A- (Excellent) and the ICR to "bbb+" from "a-" for Fuji Fire's subsidiary, American Fuji Fire and Marine Insurance Company (LongOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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