A.M. Best Places Credit Ratings of Cooperativa de Seguros de Vida de Puerto Rico Under Review With Negative Implications

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has placed under review with negative implications the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” of Cooperativa de Seguros de Vida de Puerto Rico (COSVI) (San Juan, Puerto Rico). The under review status with negative implications reflects A.M. Best continuing concerns about COSVI’s exposure to Puerto Rico bonds and the volatility this represents to COSVI’s capital and surplus. A.M. Best also is concerned a