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Fitch places Protective Life Corp on Rating Watch Positive

Wednesday, 4 Jun 2014 12:12pm EDT 

Protective Life Corp:Fitch Ratings has placed ratings (IDR 'BBB+') and its primary life insurance subsidiaries (IFS 'A') on Rating Watch Positive.Rating action follows announcement that PL has agreed to be acquired by Japan-based Dai-ichi Life Insurance Company, Ltd. in transaction valued at $5.7 bln.Fitch views proposed transaction as credit positive for PL based on financial strength of Dai-ichi Life (IFS 'A+'). 

Company Quote

0.01 +0.01%
20 Oct 2014