by John Darer CLU ChFC CSSC
Fitch Ratings services has upgraded the life company group of Prudential Financial, Inc. from AA- to AA. One of Prudential's group of life companies, The Prudential Insurance Company of America, is one of the leading issuers of structured settlement annuities, structured sales annuities, structured attorney fee annuities and other non qualified periodic payments.
This has been a banner year or so for accolades involving Newark, NJ based Prudential. Last year Prudential got their A+ back from AM Best. Earlier this year Prudential pipped Northwestern Mutual as the most admired US life insurance company by its peers. The company seems to be moving in a very positive direction.
Financial security and strength ratings, such as those provided by Fitch, Standard & Poors, Moodys, A.M. Best and The Street.Com (formerly Weiss ratings), are helpful to potential payment recipients of annuities involving payment obligations of long duration, or purchasers of annuities in general.
Leave a Reply