S&P rates Lincoln National notes A-

Standard & Poor's said it assigned an A- rating on Lincoln National Corp.'s $500 million issuance of senior notes due July 2019.

The outlook remains stable.

Proceeds will be used for general corporate purposes.

S&P said that over the next 12 months, it expects continued weakness in equity-based lines of business, elevated credit losses and potential volatility in Lincoln's hedging program.

Following the $1 billion capital contribution, the agency said it views capital adequacy as adequate for the rating.

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