Moody’s reviews Aviva, changes U.K. insurers to stable

Moody's Investors Service said it affirmed the ratings and changed the outlooks to stable from negative for: Legal & General Group plc, Prudential Assurance Co. Ltd. and Royal London Mutual Insurance Society Ltd.

The agency also placed the ratings of Aviva plc and its main U.K. operating companies on review for upgrade.

Moody’s said the actions reflect its expectation that the impact of Brexit on the U.K. life insurance sector will be moderate and operational risks are manageable over the next 12 to 18 months. This expectation is the main driver also behind Moody's revision of its outlook to stable from negative on the U.K. life sector.

For Aviva, the action also reflects continued improvements in the group's financial profile, and notably its profitability and capitalization, the agency explained.

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