S&P affirms Western & Southern

S&P said it affirmed its A+ long-term counterparty credit rating on Western & Southern Financial Group Inc. and affirmed its long-term counterparty and financial strength ratings on the group's operating companies.

The outlook is stable.

“We view Western & Southern's BRP as very strong, reflecting a strong competitive position, diverse distribution channels, and our assessment of low risk in the U.S. life insurance sector. Its prudent risk culture, consistent earnings profile, and quality and stability of its low risk products further enhance its BRP,” the agency said in a news release.

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