Fitch Places Protective Life (PL) on Rating Watch Positive
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Protective Life (PL) Placed on Review for Upgrade at Moody's
June 4, 2014 3:37 PM EDTMoody's Investors Service placed the debt ratings of Protective Life Corporation (NYSE: PL)(senior debt at Baa2) on review for upgrade and affirmed the A2 insurance financial strength (IFS) ratings and debt ratings (stable outlook) of its operating companies including Protective Life Insurance Company (PLIC), its primary operating subsidiary. This rating action follows the announcement by Dai-ichi Life Insurance Company (Dai-ichi, IFS at A1, stable outlook) of its proposed acquisition of all the outstanding stock of Protective for $5.7 billion of cash in a transaction expected to close by early January 2015, subject to regulatory and shareholder... More
S&P Places Protective Life Corp. (PL) on CreditWatch Negative Following Dai-ichi Announcement
June 4, 2014 11:00 AM EDTStandard & Poor's Ratings Services said today that it has placed its 'A-' long-term counterparty credit rating on Protective Life Corp. (NYSE: PL) and its 'AA-' long-term counterparty credit and financial strength ratings on Protective's operating subsidiaries on CreditWatch with negative implications.
"The action... More
