OLDWICK, New Jersey – AM Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the long-term issuer credit rating (Long-Term ICR) to "bbb-" from "bbb" of Universal Life Insurance Company (Hato Rey, PR) (Universal Life). Concurrently, AM Best has maintained the under review with negative implications status on these credit ratings (ratings). AM Best also has maintained the under review with negative implications status for the FSR of A- (Excellent) and the Long-Term ICR of "a-" of Universal Insurance Company (PR) (UIC) (Guaynabo, PR). Additionally, AM Best has maintained the under review with negative implications status for the FSR of B++ (Good) and the Long-Term ICR of "bbb+" of Universal North America Insurance Company (UNAIC) (Arlington, TX).