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Prospect News home > News index > List of issuers J > Headlines for Jackson National Life Insurance Co. of New York > News item |
Fitch turns Jackson view stable
Fitch Ratings said it affirmed Jackson Financial Inc.’s BBB+ issuer default rating and revised the outlook to stable from negative.
“The revision of the outlook to stable from negative reflects Fitch's view that the economic impact of the pandemic on Jackson will be limited, particularly as equity markets have returned to a period of more normalized volatility. While the potential for modest credit impairments remains, Fitch expects that both earnings and capital will remain in line with, or exceed rating expectations,” the agency said in a press release.
Fitch also stabilized the outlooks for Jackson National Life Insurance Co. and Jackson National Life Insurance Co. of New York.
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