PRCUAPolish Roman Catholic Union of America
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15 April 2011 - AM Best has upheld the C++ (marginal) financial strength rating (FSR) and issuer credit rating of "b" of US-based Polish Roman Catholic Union of America (PRCUA), both with a "negative" outlook.
The ratings mirror PRCUA's sustained net operating losses, elevated exposure to equities compared to capital and surplus, low risk-adjusted capital position and spread compression from the unfavourable interest rate environment, although the spread has improved to some extent in recent months, AM Best.