Moody's stabilizes Nippon Life view

Moody’s Investors Service said it affirmed the A3(hyb) subordinated bond rating of Nippon Life Insurance Co. and revised the outlook to stable from negative.

The change in outlooks to stable reflects Moody's view that Nippon Life's capitalization has improved over the past year, and will stay at a level that commensurate with its similarly-rated peers, the agency said.

© 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.