Best Lowers Rating of PMA Capital to A-, Stable

A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of PMA Capital Insurance Company (Pennsylvania) with a stable outlook. The current financial strength rating of A- (Excellent) with a stable outlook of PMA Insurance Group (Pennsylvania) has been affirmed. The indicative senior debt rating assigned to PMA Capital Corporation's (PMA Capital) (NASDAQ: PMACA) $86.3 million convertible senior debentures due to mature in 2022, issued under the company's existing $250 million universal shelf registration, has been lowered to "bbb-" with a stable outlook fr...