Moody's confirms Prudential

Moody's Investors Service said it confirmed the credit ratings of Prudential Financial, Inc. (senior debt at A3) and its affiliates, concluding a review for possible upgrade that was begun on Dec. 5, 2007.

The outlook on the ratings is now stable.

Moody's said that Prudential is well situated at its current ratings and that the company's competitive position and profitability in both the company's global insurance and asset management operations has improved over the last several years.

According to the rating agency, Prudential's ratings are anchored by its improved earnings capacity and the benefits from multiple sources of earnings and cash flow through business line, geographic and product risk diversification.

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