Fitch Ratings affirmed U.S. life insurer Prudential Financial Inc.’s (NYSE:PRU) issuer default rating (“IDR”) and insurer financial strength (“IFS”) ratings last week. The rating agency affirmed an IDR of “A-“and an IFS rating of “A+”.
Prudential Financial’s operating results, debt servicing capability, capital strength and reliance on both short and long-term external debt were the factors taken into account by the rating agency prior to the ratings affirmation.
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