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Article: S&P Affirms Pac Life, Pac Life & Annty Rtgs; Otlk Stb.
- Article from:
- Business Wire
- Article date:
- November 2, 2001
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Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
Nov. 2, 2001-- Standard & Poor's today affirmed the double-'A'-plus financial strength ratings on Pacific Life Insurance Co. (Pacific Life) and Pacific Life & Annuity Co.
(Pacific Life & Annuity) At the same time, Standard & Poor's affirmed its 'A-1+' commercial paper and double-'A'-minus surplus note ratings on Pacific Life. The outlook is stable.
The affirmation is based on Pacific Life's very strong earnings, extremely strong capital, and very strong business position. In recent years, Pacific Life has continued to show a leadership position in the sales of life ...