Moody's affirms Western & Southern

Moody's Investors Service said it affirmed the A3 senior debt rating of Western & Southern Financial Group, Inc. as well as the Aa3 insurance financial strength ratings of the company's life insurance subsidiaries.

The outlook is stable.

"The rating affirmation of W&SFG and its life insurance entities largely reflects excellent capitalization at the operating companies, very strong holding company financial flexibility and the good, stable earnings profile of the block of home service business, which represents about 40% of the group's insurance liabilities," Moody's assistant vice president Shachar Gonen said in a news release.

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