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S&P assigns Pacific LifeCorp notes A-
S&P said it assigned its A- debt rating to Pacific LifeCorp's planned issuance of 30-year senior unsecured notes.
Pacific LifeCorp, which also has an A- issuer rating, is expected to use a portion of the proceeds to prefund its series 1993 surplus notes that mature in 2023 and the remainder for general corporate purposes.
The outlook is stable.
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