OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa-” of Modern Woodmen of America (Modern Woodmen) (Rock Island, IL). The outlook of these Credit Ratings (ratings) has been revised to stable from negative. The rating downgrades reflect the increased proportion of the reserve profile attributable to interest sensitive annuities and universal life products and the impact
