Fitch shifts Dai-ichi Life view to stable

Fitch Ratings said it revised the outlook on the Dai-ichi Life Insurance Co., Ltd. to stable from positive, and affirmed its long-term issuer default rating at A. The agency also affirmed the company's dollar-denominated subordinated notes at A-.

The change in the outlook is based on the uncertainty created by the global coronavirus pandemic, which has led to high levels of volatility in the capital markets. This, in turn, has resulted in a sharp drop in interest rates, as well as significant variability in stock, bond and derivative prices, Fitch said.

Fitch shifts NN view to stable

Fitch Ratings said it revised the outlook on NN Group NV's to stable from positive and affirmed the ratings.

The outlook revision is based on the significant uncertainty created by the global coronavirus pandemic. Volatility in interest rates, stock, bond and derivative prices have materially increased since the agency revised NN's outlook to positive from stable on March 9.

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