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Fitch affirms Protective Life
Fitch Ratings said it affirmed Protective Life Corp.'s issuer default rating at BBB+ and senior debt ratings at BBB, along with its trust preferred ratings at BB+ and primary life insurance subsidiaries' insurer financial strength ratings at A.
The outlook is negative.
The affirmations reflect the company's favorable earnings performance, strong liquidity and good competitive position in the U.S. life insurance market, Fitch said.
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