Insurance Underwriter - Ratings and Research
A.M. Best downgrades RVOS Farm Mutual Group, members' ratings
November 03, 2009 6:13 PM ET
By Zaeem Shoaib
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A.M. Best on Nov. 3 downgraded the financial strength ratings to A- from A and issuer credit ratings to "a-" from "a" of RVOS Farm Mutual Group and its members, RVOS Farm Mutual Insurance Co. and Priority One Insurance Co. The outlook for all ratings is negative. The rating agency said the downgrades and negative outlook are a result of the continued deterioration in RVOS Farm Mutual Group's risk-adjusted capitalization and operating performance in recent years. Also, A.M. Best noted that even though the group has adequate risk-adjusted capitalization for its ratings and has implemented rate increases and various re-underwriting initiatives, the negative outlook reflects the uncertainty linked to the successful execution of these efforts. | 
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