Fitch: Aegon outlook negative

Fitch Ratings said it has affirmed Aegon NV's long-term issuer default rating at A and senior unsecured debt rating at A-.

Fitch said it has also affirmed Aegon's primary North American life insurance subsidiaries' insurer financial strength ratings at AA-. The outlooks on Aegon's long-term issuer default rating and the insurer financial strength ratings are negative.

The rating actions are in response to two events - Aegon's announcement of a change to its accounting policies for deferred policy acquisition costs and longevity reserves and the publication of the group's Q413 results, the agency noted.

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