Fitch assigns FWD Group BBB+

Fitch Ratings said it assigned FWD Group Holdings Ltd. (Fwdghl) a BBB+ long-term issuer default rating with a stable outlook. The agency also affirmed the BBB+ long-term IDR on FWD Ltd., which became the group's intermediate holding entity after the group restructuring.

Fitch has also affirmed the ratings of FWD Ltd.'s U.S. dollar-denominated senior unsecured notes and the $200 million of subordinated perpetual securities at BBB and BBB-, respectively.

The agency also removed the ratings of FWD Ltd. and FWD Life Insurance Co. (Bermuda) Ltd. from rating watch evolving and assigned stable outlooks.

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