Fitch lifts Voya Holdings view to stable

Fitch Ratings said it affirmed Voya Financial, Inc.'s life insurance subsidiaries' insurer financial strength ratings at A (strong).

The outlook for the life insurance subsidiaries is stable.

Fitch also said it affirmed the ratings on Voya Holdings Inc. and revised the outlook to stable from negative.

The ratings reflect Voya's strong balance sheet fundamentals and moderate business profile, which reflects the company's very strong market position and strong operating scale in its core markets, the agency said.

The ratings also consider the company's improving business risk profile and diversified mix of business, Fitch said.

The ratings also consider the company's strong and improving operating performance within its core businesses, the agency said.

Offsetting these positives are the challenges related to ongoing headwinds associated with the low rate environment and modest profitability associated with Voya's individual life business, Fitch said.

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