A.M. Best Comments on Credit Ratings of Legal & General Group Plc Following Announced Plan to Sell Its Mature Savings Division
By a
The realisation of value, which is volatile and subject to fungibility constraints, from the sale of a business that attracts capital charges in Best's Capital Adequacy Ratio model, is likely to positively impact
Value realised from the transaction provides further visibility to
The transaction, which will initially take the form of a reinsurance contract, will be effective from
The Long-Term ICR of "a" of
The FSR of A+ (Superior) and the Long-Term ICRs of "aa-", each with a stable outlook, remain unchanged for the following subsidiaries of
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