Fitch affirms FTLife

Fitch Ratings said it affirmed FTLife Insurance Co. Ltd.'s long-term issuer default rating at BBB+.

The outlook is stable.

The senior unsecured debt issued through FTL Capital Ltd. was affirmed at BBB+.

FTLife's ratings reflect its strong capital adequacy, strong financial performance and good business profile, the agency said.

Fitch said it expects FTLife to maintain a sufficient capital buffer based on its low level of equity holdings and credit risk in its investment portfolio.

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