Fitch rates FWD Fuji Life ISFR BBB+

Fitch Ratings said it assigned FWD Fuji Life Insurance Co., Ltd. an insurer financial strength rating of BBB+ (good).

The outlook is stable.

Fitch said the rating takes into consideration FWD Fuji Life's good capital adequacy, conservative asset mix and good business profile.

It also reflects the challenges the company faces, particularly its moderately weak financial performance under Japanese GAAP and sizeable interest rate risk from duration mismatch between assets and liabilities, the agency explained.

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