Moody’s rates Heungkuk Life debt Baa3 (hyb)

Moody's Investors Service said it assigned a Baa1 insurance financial strength rating to Heungkuk Life Insurance Co., Ltd.

The outlook is stable.

In addition, the agency assigned a Baa3(hyb) rating to its proposed issuance of subordinated capital securities.

Moody’s said the Baa1 insurance financial strength rating reflects Heungkuk Life's low-interest-risk product mix, balanced distribution channels and conservative investment portfolio.

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