Fitch rates Aflac notes A-

Fitch Ratings said it assigned an A- rating to the $750 million 3 1/8% senior unsecured notes due November 2024 issued by Aflac, Inc.

The A- ratings are equivalent to the ratings on Aflac’s outstanding senior unsecured notes, Fitch said.

The company also has an issuer default rating of A.

The ratings reflect the company’s extremely strong competitive position in the supplemental accident and health insurance markets in Japan and the United States and its exceptionally strong earnings profile and capitalization, the agency said.

The ratings also consider the impact of slow economic growth in the company’s key Japanese market, Fitch said.

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