AM Best Downgrades Credit Ratings of Wisconsin Municipal Mutual Insurance Company

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Wisconsin Municipal Mutual Insurance Company (WMMIC) (Madison, WI). The outlook of the FSR has been revised to stable from negative, while the Long-Term ICR remains negative...

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Ken Notes: The ability to maintain this plan and borrow when needed is critical to the communities of Wisconsin.