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Rating Action on StanCorp Financial - Analyst Blog
Fitch Ratings retained StanCorp Financial Group Inc.’s (SFG) long-term issuer default rating (“IDR”) at 'BBB+’. Concurrently, the rating agency reiterated the Insurer Financial Strength (“IFS”) ratings of ‘A’ on Standard Insurance Company and Standard Life Insurance Company of New York, the operating subsidiaries of StanCorp. Fitch affirmed the ratings with a stable outlook. Despite the operating performance softening in the first quarter of 2012, Fitch avowed the ratings based on the results being in-line with its expectation and a modest financial leverage ratio. Also, StanCorp’s earnings, mainly driven by...
Published By: Zacks Investment Research - Tuesday, 3 July, 2012