AM Best Upgrades Credit Ratings of Cooperativa de Seguros Múltiples de Puerto Rico
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Cooperativa de Seguros Múltiples de Puerto Rico (CSM) (San Juan, PR). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect CSM's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limi.