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Published on 2/16/2010 in the Prospect News Investment Grade Daily.

Fitch affirms Principal Financial

Fitch Ratings said it affirmed the ratings of Principal Financial Group Inc. and its subsidiaries.

The agency said that the affirmation includes the insurer financial strength ratings of the company's primary life insurance company subsidiaries at AA- and its holding company senior debt rating at A-.

The outlook remains negative.

The affirmation reflects Fitch's belief that Principal Financial has sufficient resources and flexibility available to mitigate most likely investment losses under current economic conditions, the agency said.


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