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Fitch: Prudential deal brings pressure
Fitch Ratings says that Prudential plc's plan to acquire AIA Group Ltd., the Asian subsidiary of American International Group Inc., would generate increased presence and cost savings for Prudential in Asia.
However, the agency cautioned that the considerable risks involved in such a large transaction could put negative pressure on its AA- ratings.
Its outlook is negative.
The risks relate primarily to the execution of the transaction, Fitch said, and the potential impact on leverage and interest coverage.
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