AM Best Downgrades Credit Ratings of Merit Life Insurance Company; Maintains Under Review with Developing Implications Status

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 Rating to “bbb+” (Good) from “a-” (Excellent) of Merit Life Insurance Company (Merit) (Charlotte, NC). Concurrently, AM Best has maintained the under review with developing implications status on these Credit Ratings (ratings). The ratings of Merit reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate opera