Fitch Upgrades R+V Lebensversicherung AG's IFS to 'AA'; Outlook Stable

March 31, 2015 2:36 PM

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(The following statement was released by the rating agency) FRANKFURT/LONDON, March 31 (Fitch) Fitch Ratings has upgraded German life insurers R+V Lebensversicherung AG's (R+V Life), R+V Lebensversicherung a.G.'s (R+V Mutual) and Condor Lebensversicherungs-AG's (Condor) Insurer Financial Strength (IFS) ratings to 'AA' from 'AA-'.

The Outlook on all ratings is Stable. KEY RATING DRIVERS The upgrade follows the upgrade of Genossenschaftliche FinanzGuppe's (GFG; AA-/Stable) and DZ Bank AG's (AA-/Stable) rating (see "Fitch Upgrades German Cooperative Banks and DZ Bank to 'AA-'/Outlook Stable", dated 24 March 2015 on www.fitchrat...

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