Fitch affirms Irish Life's BBB+ rating
UPDATE: Fitch Ratings has removed the negative rating watch it had placed on Irish Life’s ratings and assigned them a negative outlook, reflecting its stance on Ireland as a whole.
Fitch Ratings said it “will be challenging to find a suitable buyer” for Irish Life & Permanent Plc’s life assurance business.
Irish Life was put up for sale by its parent Irish Life & Permanent in August 2011 but suspended the sale of the unit in November, saying the lead bidder had reconsidered investing in the eurozone. Canadian insurer Great-West Lifeco Inc. was the leading candidate to buy the unit, it...
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