...June 24, 2019 - We expect NN Life Japan to handle the impact of a decline in new sales after a proposed revision of tax treatment of certain life insurance products. - We expect the potential impact of the proposed revision on its competitive position and capitalization to be limited. - We are affirming our 'A-' financial strength and long-term issuer credit ratings on NN Life Japan. - The stable outlook on NN Life Japan reflects that on the core subsidiaries of the NN Group and our view that the insurer will remain strategically important to the group. TOKYO (S&P Global Ratings) June 25, 2019--S&P Global Ratings today said that it has affirmed its 'A-' financial strength and long-term issuer credit ratings on NN Life Insurance Co. Ltd. (NN Life Japan). The outlook on the ratings remains stable. We base today's rating affirmation on our assessment that its stand-alone credit profile (SACP) remains at '###+', which we push up by one notch to factor in our expectation that the insurer would...
