Moody’s revises Jackson view to negative

Moody’s Investors Service said it revised Jackson Financial, Inc.’s outlook to negative from stable and affirmed Jackson’s Baa2 issuer rating.

“The outlook reflects the lower than expected capitalization and the challenges the company faces in building capital, lowering proforma leverage and diversifying an in-force block of liabilities concentrated in variable annuities (VA) as it plans to separate from Prudential,” Moody’s said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.