AM Best Downgrades Credit Ratings of Members of GPM Life Group

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of GPM Health and Life Insurance Company and Government Personnel Mutual Life Insurance Company. These companies are headquartered in San Antonio, TX, and collectively are known as GPM Life Group. The outlook of these Credit Ratings (ratings) has been revised to stable from negative. The ratings refl