Moody's ups Aegon

Moody's Investors Service said it affirmed the A3 senior debt rating of Aegon NV.

The agency also said it upgraded its subordinated rating to Baa1(hyb) from Baa2(hyb).

The outlook was revised to stable from negative.

Moody's also said it affirmed the prime-2 short-term ratings for the commercial paper of Aegon and Aegon Funding Co. LLC.

The ratings and outlook revision reflect the full repayment of the Dutch State capital in June 2011 and resilience of the group's capitalization, the stabilization of group earnings and improving financial flexibility, the agency said.

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