Moody's affirms Lincoln National; outlook negative

Moody's Investors Service said it affirmed the ratings of Lincoln National Corp. (senior debt at A3) and its affiliates including Lincoln National Life Insurance Co. (insurance financial strength rating at Aa3), but changed the outlook to negative from stable.

Moody's commented that the rating affirmation is based on Lincoln National's strong market position in individual life insurance and annuities, well diversified earnings mix, good asset quality and conservative asset-liability management, and strong capital adequacy.

The rating agency added that Lincoln National's recent decision to suspend share repurchases and cut shareholder dividends should help mitigate pressure on liquidity and financial flexibility, and should help keep regulatory capitalization at solid levels.

© 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.