Moody’s affirms Prudential debt

Moody's Investors Service said it affirmed the A2 senior unsecured debt rating of Prudential plc.

The outlooks are stable.

The agency said the affirmation reflects Prudential's excellent product and geographic diversification, brand name recognition and very strong profitability, with its diverse Asian business to the fore in respect of new business sales and profitability.

The group's financial flexibility is also very strong with relatively low adjusted financial leverage, strong earnings coverage and excellent ability to access capital markets.

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