Fitch affirms Aegon

Fitch Ratings said it affirmed Aegon NV's long-term issuer default rating at AA with stable outlook, senior debt ratings at AA- and subordinated debt and perpetual capital securities at A+. The short-term issuer default rating was affirmed at F1+.

Ratings reflect the group's solid franchise and business position in its key markets and earnings diversification, the agency said.

"The ratings also reflect the strong group capital position, operating performance and financial flexibility," David Prowse, a senior director at Fitch, said in a written statement.

"However, Aegon's main markets are very competitive, with particularly challenging conditions in the Dutch life insurance market," Prowse said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.