Concurrently,
The rating actions for
Partially offsetting these positive rating factors are the pressures associated with managing assets in an extended low interest rate environment, as well as the embedded exposures present in changing credit cycles. The company’s investment portfolio, which includes structured securities, is viewed as more aggressive compared to traditional life insurance companies.
The FSR has been upgraded to A (Excellent) from A- (Excellent) and the Long-Term ICRs upgraded to “a” from “a-” with the outlook revised to stable from positive for the following members of
-
Athene Annuity & Life Assurance Company -
Athene Annuity & Life Assurance Company of New York -
Athene Annuity and Life Company -
Athene Life Insurance Company of New York -
Athene Life Re Ltd.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413005700/en/
Associate Director
edward.kohlberg@ambest.com
or
Director
thomas.rosendale@ambest.com
or
Manager, Public Relations
christopher.sharkey@ambest.com
or
Director, Public Relations
james.peavy@ambest.com
Source:
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