AM Best downgrades ratings of Scottish Re group Limited
Concurrently, AM Best has downgraded the ICR to ``c'' from ``cc'' and most debt ratings of Scottish Re. AM Best also has affirmed the remaining debt ratings of Scottish Re and Scottish Holdings Statutory Trust II and III. All ratings have been removed from under review with negative implications and assigned a negative outlook.
AM Best Co. has downgraded the financial strength rating to B from B+ and issuer credit rating to ``bb+'' from ``bbb-'' of Polish Roman Catholic Union of America.