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Aflac Inc. And Insurance Operating Companies Ratings Affirmed; Outlook Remains Negative
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Although Aflac's investment portfolio continues to have significant concentrations, management is actively focused on reducing them, and we believe the company has the ability to generate and retain statutory earnings sufficient to maintain capital supportive of the current ratings. In addition, we expect that the recent Japan earthquake/tsunami and radiation leakage will have only a nominal impact on Aflac's operating performance. As a result, we have affirmed our 'A-' counterparty credit rating on Aflac Inc. and our 'AA-' counterparty credit and financial strength ratings on Aflac's insurance companies. The outlook on these companies remains negative, reflecting the outlook revision on Japan to negative. NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that it affirmed...
Companies mentioned in this report are: Aflac Inc.,American Family Life Assurance Co. of Columbus,American Family Life Assurance Co. of NY,American Family Life Assurance Co. - Japan Branch
Action: Affirmed
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