Another American Family Downgrade :Fitch

NU Online News Service, Dec. 10, 3:26 p.m. EST?Fitch Ratings, citing its concerns for American Family Insurance Group's falling capitalization, downgraded its financial strength rating for the company to "double-A-minus" from ?double-A," with a "Stable" outlook.[@@]

Fitch's ratings action follows a similar downgrade by Oldwick, N.J.-based A.M. Best Co., which at the end of October lowered its financial strength rating for the property-casualty affiliates of American Family Insurance Group to "A" from "A-Plus," citing the insurer's declining surplus.

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