Fitch rates Ohio National Financial BBB

Fitch Ratings said it assigned a BBB issuer default rating to Ohio National Financial Services Inc. Fitch also assigned a BBB- senior unsecured rating to the company and Ohio National Life Insurance Co.’s surplus notes.

In explaining the ratings, Fitch cited Ohio National’s operating subsidiaries’ strong risk-adjusted capitalization and leverage, moderate business profile, modest but stable financial performance and a conservative investment portfolio.

The outlook is stable. “The stable outlook reflects Fitch’s view that Ohio National will experience earnings-related pressures over the next 12 to 18 months due to the environment, but is also well-positioned. Fitch does not expect the company to approach any rating sensitivities,” the agency said in a press release.

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