mvliex 1 schreef op 8 maart 2021 18:22:
Moody's
Commonwealth General Corporation --
Moody's announces completion of a periodic review of ratings of AEGON N.V.
Thu, March 4, 2021, 10:38 PM
Thu, March 4, 2021, 10:38 PM
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AEGON N.V.Global Credit Research - 04 Mar 2021Paris, March 04, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AEGON N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 25 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on
www.moodys.com for the most updated credit rating action information and rating history.Key rating considerations are summarized below.AEGON N.V.'s (Aegon, the group) A3 issuer and senior unsecured debt ratings reflect the aggregate credit strength of its various operating companies, as well as its geographically diversified sources of earnings and cash-flows.Less positively, the Group's underlying earnings have been weak over the last 24 months driven by the dominant US business (A1 insurance financial strength rating), for which trading conditions will continue to be challenging.This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.The principal methodology used for this review was Life Insurers Methodology published in November 2019. Please see the Rating Methodologies page on
www.moodys.com for a copy of this methodology.This announcement applies only to EU rated, UK rated, EU endorsed and UK endorsed ratings. Non EU rated, non UK rated, non EU endorsed and non UK endorsed ratings may be referenced above to the extent necessary, if they are part of the same analytical unit.This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on
www.moodys.com for the most updated credit rating action information and rating history. Benjamin Serra Senior Vice President Financial Institutions Group Moody's France SAS 96 Boulevard Haussmann Paris 75008 France JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Antonello Aquino Associate Managing Director Financial Institutions Group JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Releasing Office: Moody's France SAS 96 Boulevard Haussmann Paris 75008 France JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 © 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.
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