 OLDWICK, N.J.--BUSINESS WIRE--AM Best has affirmed the Financial Strength Rating of B Good and the Long-Term Issuer Credit Rating Long-Term ICR of bbb of Popular Life Re PLRe Puerto Rico. PLRe is a life insurance subsidiary of its ultimate parent, Popular, Inc. NASDAQ: BPOP, a publicly traded bank holding company based in Puerto Rico. The outlook of these Credit Ratings ratings is stable. The ratings reflect PLRes balance sheet strength, which AM Best assesses as very strong 