Large polarization squeezing in non-degenerate parametric amplification of coherent radiation

Polarization squeezing is shown to occur in non-degenerate parametric amplification of coherent light and the degree of squeezing at interaction time T can be as large as 1 ? e^-2T. This gives 86.4% polarization squeezing for T = 1 and 98.2% for T = 2. One simple case when this occurs is on taking initially plane polarized light having equal amplitudes in the two modes that finally has equal intensities of two circular polarizations. This suggest the experimental settings of parameters to achieve this extent of polarization squeezing in coherent light.