Moody's may lift Prudential

Moody's Investors Service said it placed Prudential Financial, Inc. (A3 senior debt rating) and its affiliates on review for upgrade.

Moody's said the review would focus on Prudential's improved competitive position and profitability in both the company's global insurance and asset management operations.

"Prudential's earnings power has improved and the company benefits from multiple sources of earnings and cash flow through business line, geographic and product risk diversification," Moody's vice president and senior credit officer, Ann Perry, said in a written statement.

According to the agency, Prudential's acquisitions over the past two years have helped to strengthen the enterprise's market position and financial profile.

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