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Bulletin: Prudential Financial Inc. And U.S. Operating Companies Ratings Unaffected By Revision Of Japan Outlook To 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
NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that its ratings on Prudential Financial Inc. (A/Stable/A-1; NYSE:PRU) and its U.S. insurance operating companies are unaffected by our revision of the outlook on Japan to negative earlier today (see 'Outlook On Japan Sovereign Credit Rating Revised To Negative; Ratings Affirmed At 'AA-/A-1+''). Insurer financial strength ratings explicitly incorporate the potential for direct sovereign risks--such as mandated changes in the terms of insurance obligations and currency controls--as well as significant investments in government bonds. We don't believe that PRU and its U.S. insurance operating companies are exposed to direct sovereign intervention risks associated with Japan. Although investments in Japanese government and government agency securities accounted for...
Companies mentioned in this report are: Prudential Financial Inc.
Action: Bulletin
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