Fitch affirms Prudential

Fitch Ratings said it affirmed the A- issuer default rating and BBB+ senior debt ratings of Prudential Financial Inc. following the company's acquisition of two Japanese life insurance companies from American International Group for $4.8 billion.

The outlook is stable.

Fitch said the acquisition of AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co. will strengthen Prudential's already strong position in the Japanese life insurance market, adding significant scale and distribution capacity as well as an additional source of stable earnings longer term.

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