Moody's confirms Lincoln National

Moody's Investors Service said it confirmed the debt ratings of Lincoln National Corp. (senior debt at Baa2) and the A2 insurance financial strength ratings of its operating subsidiaries.

This rating action concludes the review for possible downgrade that was begun on April 15, the agency noted.

In the same rating action, Moody's said it assigned a Baa2 debt rating to Lincoln National's $500 million of recently-issued senior notes, as well as provisional ratings to the company's new shelf registration, which replaces a recently expired shelf.

The outlook is negative.

Moody's said that the confirmation of the company's ratings was driven by the company's successful execution of its $2 billion capital raising plan.

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