S&P changes Pacific Guardian view

S&P said it revised its outlook on Pacific Guardian Life Insurance Co. Ltd. to positive from stable and affirmed the A- long-term issuer credit rating.

The agency said the action follows the outlook revision to positive from stable on parent company Meiji Yasuda Life.

“The positive outlook for the parent reflects a view that Meiji Yasuda Life's prospective total adjusted capital will improve to a level commensurate with a higher rating in the next two years,” the agency said in a news release.

“The outlook on PGL reflects our expectation that PGL will maintain a satisfactory business risk profile and moderately strong financial risk profile while meeting company-specific assumptions.”

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