Fitch ups Aflac to stable

Fitch Ratings said it affirmed the A- ratings on Aflac, Inc.'s 1.52% of Uridashi notes due September, 2.26% of Uridashi notes due September 2016, variable Uridashi notes due September , 1.87% Samurai notes due June 2012, 8.5% senior notes due May 15, 2019, 6.9% senior notes due Dec. 17, 2039, $300 million of 3.45% senior notes due Aug. 15, 2015 and $450 million of 6.45%senior notes due Aug. 15, 2040.

Fitch also affirmed Aflac's A issuer default rating and revised the outlook to stable from negative.

The affirmation reflects the company's strong and steady earnings, moderate leverage and strong balance sheet and high regulatory risk-based capital ratios, the agency said.

The revised outlook reflects heightened comfort with Aflac's ability to absorb potential impairments in the company's fixed maturities and perpetual preferred securities portfolio, the agency added.

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