Fitch: Storebrand view to stable

Fitch Ratings said it affirmed the Storebrand Livforsikring's insurer financial strength rating and issuer default rating at BBB+ and BBB and subordinated debt issues at BB+, along with Storebrand ASA's long-term issuer default rating at BB+ and senior debt at BB.

The outlook have been revised to stable from negative.

The outlook revision reflects the company's better credit profile over the past 12 to 18 months, as a result of improved financial market conditions, Fitch said.

The ratings continue to reflect its leading position within the Norwegian life insurance market, the agency said, and the good franchise value in the Nordic area.

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