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A.M. Best Downgrades Ratings of Personal Express Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” of Personal Express Insurance Company (Personal Express) (headquartered in New York, NY). The outlook for both ratings is stable.