Moody’s affirms Prudential

Moody's Investors Service said it affirmed Prudential plc’s provisional A2 and provisional A3 senior unsecured and subordinated medium-term note ratings.

The action follows the update of the company’s £10 billion medium-term note program.

Moody's said the ratings are in line with the company's A2 senior unsecured debt and A3 (hyb) subordinated debt ratings and reflect: (a) The combined financial strength of the operations that the group owns, notably its Asian and U.S. operations; and (b) a well-diversified set of cash flows from these operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.