Moody’s changes FWD Life view to stable

Moody’s Investors Service said it changed the outlook for FWD Life Insurance Co. (Bermuda) Ltd. to stable from negative.

“The change in outlook to stable from negative reflects the capital injections by shareholders into FWD Ltd. in H1 2020, as well as the management actions taken by FWD Life HK to improve and stabilize its solvency ratio,” Moody’s said in a press release.

The agency also affirmed the company’s Baa3 issuer rating, senior unsecured debt rating, and Ba2(hyb) rating for the subordinated perpetual capital securities.

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