KBRA Boosts Nassau Financial Group Ratings with Positive Outlook
KBRA Boosts Nassau Financial Group Ratings with Positive Outlook

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KBRA has upgraded the Insurance Financial Strength Ratings for several subsidiaries of Nassau Financial Group, including Nassau Life Insurance Company, reflecting a positive outlook. The firm has achieved a BBB+ rating, while Nassau Financial Group itself receives a BB+ issuer rating, alongside a B+ debt rating on its preferred stock. This upgrade is attributed to the successful execution of a multi-year transformation strategy, coupled with operational strengths and robust risk management policies. However, despite these advancements, certain capital ratios remain below industry standards, and the competitive landscape for fixed and fixed-indexed annuities could pose challenges moving forward.

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