Ratings group lowers First Acceptance outlook

Analysts at A.M. Best say the financial health of Green Hills-based First Acceptance Corp. is stable enough to retain their 'B' financial strength rating — especially after a $13 million capital injection two months ago. But because of losses in recent years, the firm's outlook has shifted from 'positive' to 'stable.' A year ago, analyst Charles Huber and his colleagues said First Acceptance was still on a positive track.