OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has revised the outlooks to stable from negative and affirmed 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 revised outlooks reflect stability in COSVI’s risk-adjusted capital scores, largely driven by the aggregate excess of loss reinsurance agreement established in 2015, which transferred the risks of its annuity block
