Fitch Affirms Principal Financial Group's IDR at 'A'; Outlook Stable

April 13, 2015 2:21 PM

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(The following statement was released by the rating agency) CHICAGO, April 13 (Fitch) Fitch Ratings has affirmed Principal Financial Group, Inc.'s (PFG) long-term Issuer Default Rating (IDR) at 'A'.

Fitch has also affirmed the 'AA-' Insurer Financial Strength (IFS) ratings of PFG's U.S. operating subsidiaries. The Rating Outlook is Stable. KEY RATING DRIVERS Today's ratings affirmations reflect PFG's strong capitalization and stable, balanced operating profitability, partially offset by above-a...

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