Kroll Bond Rating Agency Affirms Rating for COF
Kroll Bond Rating Agency, or KBRA, “has affirmed the insurance financial strength rating (IFSR)” as an A- with a Stable outlook for Catholic Order of Foresters1 for the second consecutive year. The rating was assigned using KBRA’s Global Insurer & Insurance Holding Company Rating Methodology. According to the press release from KBRA, “the rating reflects COF’s solid balance sheet, considerable membership base, profitable operations, diversified business mix, and long-term strategic focus.” To read the entire press release, visit.
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issues of asset-backed securities to file a short form prospectus or shelf-prospectus, is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP), and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA).
Established in 1883, COF is a not-for-profit Catholic life insurance society helping members achieve financial security while supporting the Catholic community through fraternal outreach of spiritual, social and community service projects. It is headquartered in Naperville, Ill. With more than 117,000 members nationwide, it is the third largest Catholic fraternal membership society in the United States. For more information, visit catholicforester.org, or connect with COF social media.
1To read the full extent and scope of the rating, visit https://www.krollbondratings.com/announcements/8369.