Fitch raises StanCorp to A-, debt to BBB+

Fitch Ratings said it upgraded StanCorp Financial Group, Inc.'s issuer default rating to A- from BBB+ and its senior debt ratings to BBB+ from BBB.

At the same time, the agency affirmed the insurer financial strength ratings of its life insurance subsidiaries at A.

The outlook is stable.

On March 7, StanCorp was acquired by Japan-based Meiji Yasuda Life Insurance Co. StanCorp’s ratings were upgraded to be aligned with the ratings of Meiji Yasuda based on the agency’s criteria.

Fitch currently rates both Meiji Yasuda’s issuer default rating and insurer financial strength rating at A, with its insurer financial strength rating constrained due to Japan's sovereign rating.

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