SIFI Designation Credit Neutral for Prudential
According to Fitch Ratings, the companys U.S. life insurance subsidiaries currently maintain capital levels in excess of regulatory minimums.
INN Breaking News, September 23, 2013
The U.S. Financial Stability Oversight Council last week denied Prudential Financial Inc.'s appeal and designated the company as a systemically important financial institution (SIFI), which is credit neutral for the insurer, according to Fitch Ratings.
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