Fitch affirms StanCorp

Fitch Ratings said it affirmed the issuer default rating of StanCorp Financial Group, Inc. at A-.

The outlook is stable.

The agency said the ratings consider StanCorp’s status as a wholly owned subsidiary of Meiji Yasuda Life Insurance Co.

“The standalone view reflects SFG's strong competitive position in the group life and disability market, strong operating performance, very strong capitalization and concentrated investment portfolio,” Fitch said in a news release.

“The ratings also consider the intense competitive landscape and challenging macroeconomic conditions.”

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