AM Best Downgrades Credit Ratings of Farm Bureau County Mutual Insurance Company of Texas and Texas Farm Bureau Casualty Insurance Company; Removes Affiliates From Under Review

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Insurance Company of Texas and Texas Farm Bureau Casualty Insurance Company (together known as Texas Farm Bureau Casualty Group). The outlook of these Credit Ratings (ratings) is negative. At the same time, AM Best has removed from under review