Moody’s changes Prudential view

Moody's Investors Service said it affirmed the long-term debt ratings of Prudential Financial, Inc. (senior debt Baa1) and changed the outlook to positive from stable.

Other affiliated ratings were also affirmed and the outlooks were also changed to positive from stable.

Moody's the positive outlook reflects the company's progress in reducing high levels of debt and leverage.

Prudential has also taken steps to reduce earnings volatility and simplify its organizational structure, with an eye toward greater transparency, the agency added.

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