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Article: Fitch Affirms Union Central's IFS at 'A+'; Outlook Revised to Stable from Positive.
- Article from:
- Business Wire
- Article date:
- June 25, 2009
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NEW YORK -- Fitch Ratings has affirmed The Union Central Life Insurance Company's (Union Central) Insurer Financial Strength (IFS) rating of 'A+' and surplus note rating of 'A-'. The Rating Outlook has been revised to Stable from Positive.
The ratings of Union Central reflect Fitch's view that Union Central is a core subsidiary of the UNIFI Companies (UNIFI). Based on Fitch's group rating methodology, Union Central's ratings benefit from the financial and operational support provided by the parent and affiliated companies. Fitch believes that the standalone credit profile of Union Central is materially weaker than UNIFI's other core subsidiaries.
The ...