OREANDA-NEWS. A.M. Best has downgraded the issuer credit rating (ICR) to “bb” from “bb+” of Echelon Financial Holdings Inc. (EFH) [TSX: EFH]. The outlook for this rating remains negative. Concurrently, A.M. Best has affirmed the financial strength rating (FSR) of B++ (Good) and the ICR of “bbb+” of Echelon Insurance (Echelon), as well as the FSR of B++ (Good) and the ICR of “bbb” of The Insurance Company of Prince Edward Island (ICPEI) (Prince Edward Island, Canada). The outlook for each of these ratings is stable.