S&P: Prudential to negative

Standard & Poor's said it revised the outlook on Prudential plc and its rated operating subsidiaries to negative from stable.

The agency also affirmed the A+ counterparty credit rating on Prudential.

The outlook revision reflects the risk that prospective capital adequacy may not be supportive of the current ratings given ongoing pressure from low interest rates and increases in capital requirements linked to growth, S&P said, and the potential risks relating to a continued relative trend away from the group's historic U.K. strength.

The group's risk profile continues to evolve toward Asian operations that are viewed as having a weaker credit profile than the group's U.K. operations, the agency said, and also greater relative exposure to higher risk products in the United States.

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