Best’s News & Research Service - July 09, 2009 04:26 PM (EDT)
A.M. Best Withdraws Ratings of Greek Catholic Union of the USA
OLDWICK, N.J. //BestWire// - A.M. Best Co. has affirmed the financial strength rating of C- (Weak) and issuer credit rating of “cc” of Greek Catholic Union of the USA (GCU) (Beaver, PA). The outlook for both ratings is negative.
Concurrently, A.M. Best has assigned a category NR-4 to the FSR and an “nr” to the ICR in response to a request from GCU's management.
For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit http://www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at http://www.ambest.com/ratings/methodology.