Moody’s changes F&G view to stable

Moody’s Investors Service said it changed the outlook for F&G Annuities & Life, Inc. to stable from positive and upgraded its issuer rating to Ba1 from Ba2. The agency also affirmed F&G unit Fidelity & Guaranty Life Insurance Co.’s Baa2 rating and revised its outlook to stable from positive.

“According to Moody's, the upgrade of F&G's ratings and the stable outlook reflects the expansion of its product suite and its distribution channels which has led to sales growth following its June 2020 acquisition by Fidelity National Financial, Inc (FNF; Baa2 stable). FNF has provided additional financial flexibility and capital to support F&G's strategic growth plans,” the agency said in a press release.

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