NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned an insurance financial strength rating (IFSR) of A- to Catholic Financial Life (CFL), a fraternal benefit society domiciled in Milwaukee, Wisconsin. The Outlook for the rating is Stable. The rating reflects CFL’s conservative balance sheet, solid membership base, steady statutory earnings, M&A expertise, diversified business mix and value-added ERM practices. Balancing these strengths are CFL’s noteworthy exposure to sp