S&P: No change to Prudential

Standard & Poor's said its ratings and outlook on Prudential plc and its rated operating subsidiaries are unaffected by the company's announcement that it will acquire Thanachart Life Assurance Co. from Thanachart Bank Public Co. Ltd. for £368 million, subject to adjustments at closing.

The announcement also includes the establishment of an exclusive 15-year distribution partnership with Thanachart Bank.

The agency said this announcement is consistent with the group's strategic focus on growth in Asia and will further diversify its footprint across the region.

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