Published: July 09, 2009

A.M. Best Withdraws Ratings of Greek Catholic Union of the USA

Share This Story

OLDWICK, N.J. - (BUSINESS WIRE) - 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 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 www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

A.M. Best Company
Analysts:
Robert Stewart, 908-439-2200, ext. 5232
robert.stewart@ambest.com
or
Raj Shah, 908-439-2200, ext. 5409
raj.shah@ambest.com
or
Public Relations:
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com