OREANDA-NEWS. A.M. Best has downgraded the financial strength rating (FSR) to C (Weak) from C++ (Marginal) and the issuer credit rating (ICR) to “ccc+” from “b” of Al Ittihad Al Watani (L’Union Nationale) Société Générale D’Assurances du Proche Orient, sal (Al Ittihad) (Lebanon). The outlook for the FSR has been revised to stable from negative, while the outlook for the ICR remains negative.