Standard & Poor’s said that its rating of the financial strength of the Knights of Columbus is “based on its extremely strong capital, very strong competitive position because of its unique strategic advantage in the Catholic market, historically strong profitability, and extremely strong liquidity.” S&P called Knights of Columbus operating performance “very strong,” reflecting “an asset portfolio that consists primarily of high-quality, investment-grade bonds.” S&P also said that the Knights of Columbus “is achieving its primary objective of providing members and their families with high-quality, low-cost insurance products.”