Fitch affirms Prudential

Fitch Ratings said it affirmed Prudential plc's long-term issuer default rating at A+ and senior unsecured debt at A.

The outlook is stable.

The affirmation reflects Prudential's continued strong and resilient capital position, operational scale and strong business position in each of its key markets, according to the agency.

Prudential has strong cash generation and a strategy focused on high-margin products with short payback periods and a profitable asset management business, the agency noted.

Partially offsetting these strengths is the company's relatively high exposure to credit risk, longevity risk and adverse policyholder behavior risk, the agency said.

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