Fitch lowers Aegon

Fitch Ratings said it downgraded Aegon NV's long-term issuer default rating to A from A+ and senior unsecured debt to A- from A.

The outlook for the issuer default rating is stable.

The downgrades reflect concerns regarding the cumulative impact of adverse financial markets on Aegon's capital position and earnings profile, according to the agency.

Ratings reflect the company's strong capitalization, diversification of both products and distribution particularly in U.S. retail markets, a measured risk appetite and a focus on cost control, the agency said.

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