Fitch affirms Aegon

Fitch Ratings said it affirmed Aegon NV's long-term issuer default rating at A and senior unsecured debt at A-. The agency also said it affirmed the insurer financial strength ratings of Aegon's primary North American life insurance subsidiaries at AA-.

The outlook is stable.

The affirmations reflect the company's recent operating performance, with its third quarter results in line with expectations, the agency said, and the company's ongoing execution of its strategy to focus on core operations, scale back non-core operations and improve operating efficiency.

The ratings continue to reflect its strong capitalization, diversification of both products and distribution, measured risk appetite and a focus on cost control, Fitch said.

The stable outlook reflects expectations that operating earnings and capitalization will continue to slowly recover from the lows experienced during the global financial crisis, the agency said.

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