Moody’s shifts Pacific Life views to positive

Moody’s Investors Service said it changed the outlooks for Pacific LifeCorp, Pacific Life Insurance Co., and Pacific Life & Annuity Co., to positive from stable. The agency also affirmed Pacific LifeCorp.’s Baa1 senior unsecured debt rating.

“According to Moody’s, the rating affirmation and positive outlook primarily reflect Pacific Life’s momentum in maintaining a strong market position in life insurance and annuities, which has been boosted by diversity in both product and distribution, excellent statutory capitalization and continued risk management actions to limit the volatility of variable annuity earnings on a prospective basis,” the agency said in a press release.

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