NN Life Japan Outlook Revised To Positive Following Same Action On NN Group; 'A-' Ratings Affirmed

On May 18, we revised to positive from stable the outlooks on NN Group's core subsidiaries and affirmed our ratings on the companies. We continue to view NN Life Japan as a strategically important subsidiary of NN Group. We revised to positive from stable our outlooks on NN Life Japan and affirmed the 'A-' financial strength and long-term issuer credit ratings on the insurer. TOKYO (S&P Global Ratings) May 20, 2022--S&P Global Ratings today said it has revised to positive from stable the outlooks on its 'A-' financial strength rating and 'A-' long-term issuer credit rating on Japan-based NN Life Insurance Co. Ltd. (NN Life Japan). We affirmed both ratings. We revised the outlooks following the revision to positive from

...May 20, 2022 - On May 18, we revised to positive from stable the outlooks on NN Group's core subsidiaries and affirmed our ratings on the companies. - We continue to view NN Life Japan as a strategically important subsidiary of NN Group. - We revised to positive from stable our outlooks on NN Life Japan and affirmed the 'A-' financial strength and long-term issuer credit ratings on the insurer. TOKYO (S&P Global Ratings) May 20, 2022--S&P Global Ratings today said it has revised to positive from stable the outlooks on its 'A-' financial strength rating and 'A-' long-term issuer credit rating on Japan-based NN Life Insurance Co. Ltd. (NN Life Japan). We affirmed both ratings. We revised the outlooks following the revision to positive from stable of our outlooks on the core subsidiaries of Netherlands-based NN Group (see "NN Group's Core Operating Entities Outlooks Revised To Positive On Strengthened Capital Adequacy; 'A' Ratings Affirmed," published May 18, 2022). The insurance group, to...

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