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Stock impact report

AM Best Upgrades Issuer Credit Ratings of Jackson National Life Insurance Company and Its Affiliates [Yahoo! Finance]

Jackson Financial Inc. Class A (JXN) 
Company Research Source: Yahoo! Finance
affirmed the Financial Strength Rating of A (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York (Purchase, NY), and its direct parent, Brooke Life Insurance Company. These companies together are referred to as Jackson National Group (JNG). Concurrently, AM Best has upgraded the Long-Term Issue Credit Rating (Long-Term IR) to "a+" (Excellent) from "a" (Excellent) on the notes issued under JNL's funding agreement-backed securities program, and the Long-Term IR to "a-" (Excellent) from "bbb+" (Good) of JNL's surplus notes. Lastly, AM Best has upgraded the Long-Term ICR to "bbb+" (Good) from "bbb" (Good) of Jackson Financial Inc. (Delaware). All companies are domiciled in Lansing, MI, unless otherwise specified. The outlook of the Long-Term ICRs has been revised to stable from positive, while the FSR is stable. (See below for a detailed listing of the Long-Term IRs.) The ratings reflect JNG's bala Show less Read more
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