Phoenix Group Holdings (PHNX.L)
(The following statement was released by the rating agency) LONDON, July 25 (Fitch) Fitch Ratings has upgraded Phoenix Life Limited's and Phoenix Life Assurance Limited's Insurer Financial Strength (IFS) Ratings to 'A+' (Strong) from 'A'. They are two of the principal operating life companies of Phoenix Group Holdings (Phoenix). Fitch has also upgraded Phoenix's Long-Term Issuer Default Rating (IDR) to 'A' from 'A-'. The Outlooks are Stable. Fitch has also upgraded Phoenix's senior notes to 'A-'
(The following statement was released by the rating agency) LONDON, July 04 (Fitch) Fitch Ratings has assigned Phoenix Group Holdings' (Phoenix; IDR A-/Positive) USD500 million dated subordinated Tier 2 notes (XS1639849204) a 'BBB-' rating. The notes are rated three notches below Phoenix's IDR of 'A-', comprising two notches for expected recovery and one for moderate non-performance risk. KEY RATING DRIVERS The notes have been issued by Phoenix under its GBP3 billion euro medium term note (EMTN)
* Board of phoenix group holdings ("phoenix") is pleased to announce appointments of two new non-executive directors, karen green (from 1 july 2017) and belinda richards (from 1 october 2017)
(The following statement was released by the rating agency) LONDON, April 25 (Fitch) Fitch Ratings says that the ratings of Phoenix Group Holdings (Phoenix) and its main operating entities are unaffected by Phoenix's announcement that it plans to increase the outstanding amount of its subordinated GBP300 million Tier 3 notes issued in January 2017. The additional capital will be raised in the form of a 'tap' issue on the same terms and conditions as the original amount raised. Phoenix aims to us
* Announces offer to purchase sterling senior debt and expected tier 3 tap issue
Phoenix Group Holdings , Britain's largest owner of life assurance funds closed to new customers, plans to buy more such assets, in a market which its chief executive said was worth about 300 billion pounds ($372.3 billion).
(The following statement was released by the rating agency) LONDON, March 20 (Fitch) Fitch Ratings says that the ratings of Phoenix Group Holdings' (Phoenix; IDR A-/Positive) notes remain unaffected by Phoenix's announcement that it has become the issuer of the senior and subordinated notes originally issued by PGH Capital Public Limited Company (PGH Capital; previously PGH Capital Limited). A list of the notes is below. The notes were originally issued with a guarantee from Phoenix. Consequ
March 20 Britain's FTSE 100 futures were flat ahead of the cash market open on Monday.
March 20 Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, raised its long-term cash generation target due to benefits of acquisitions made last year.
* 486 million STG of cash generation (2015: £225 million), meeting group's 2016 cash generation target