Fitch rates F&G Annuities notes BBB-

Fitch Ratings said it assigned a BBB- long-term rating to F&G Annuities & Life, Inc.'s $500 million issuance of 7.4% senior unsecured notes. The notes will be guaranteed by each of F&G's subsidiaries that are guarantors under its existing credit agreement, and will not be explicitly guaranteed by its parent Fidelity National Financial.

“The notes have been assigned a rating one notch below F&G's long-term issuer default rating, which reflects standard notching as described in Fitch's insurance rating criteria,” the agency said in a press release. The ratings assigned to F&G and its affiliates are unaffected by today's rating action

The company plans to use the proceeds for general corporate purposes.

The outlook is stable.

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