AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR remains negative. Concurrently, AM Best has…