Fitch maintains Prudential

Fitch Ratings said it maintained Prudential plc with a long-term issuer default rating of AA- and other ratings on rating watch negative following American International Group Inc's (long-term issuer default rating BBB/rating watch evolving) rejection of Prudential's proposed revisions to its offer for AIA Group Ltd, the Asian subsidiary of AIG.

The agency also maintains the watch on the ratings of Prudential's subsidiaries.

Fitch said it placed Prudential's ratings on watch in March on the announcement of the proposed transaction because of the considerable execution risks of such a large transaction.

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