...Solid Financial Profile: NN Group N.V.s ratings reflect its extremely strong consolidated solvency, improved financial leverage and cautious investment policy and reserving. The ratings also take into account NN Groups solid business position and recovering profitability. Stable Outlook: The Stable Outlook reflects the significantly reduced uncertainty about the planned divestment by ING Group of NN Groups insurance operations franchise, business position and financial structure. Strong Solvency: Fitch Ratings expects NN Groups capital adequacy to remain strong and stable in the near future due to its limited exposure to investments in volatile asset classes, including equities and southern European government bonds. Moderate Financial Leverage: Due to the material amount of debt redeemed in 2013 and 2014, NN Groups financial leverage is now in line with Fitchs guidelines for an ,,A rated entity. Recovering Operating Profitability: NN Groups profitability was under pressure in 2013, mostly...
