Fitch affirms Principal Financial

Fitch Ratings said it affirmed the ratings of Principal Financial Group, Inc., including its long-term issuer default rating at A and senior unsecured debt at A-.

The outlook is stable.

“The affirmation reflects PFG's very strong and stable operating profitability and very strong business profile, which reflects the company's strong market position and significant operating scale focusing on small and midsize businesses in the retirement market,” the agency said in a news release.

“The ratings also consider PFG's very strong capitalization and above-average investment risk.”

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