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Fitch Downgrades Primerica Life Insurance Company's IFS to 'AA-'; Outlook Negative
NEW YORK-(Business Wire)-April 18, 2008 - Fitch Ratings has downgraded the insurer financial strength (IFS) rating of Primerica Life Insurance Company (PLIC) to 'AA-' from 'AA', reflecting the downgrade of PLIC's ultimate parent, Citigroup Inc (Citigroup) this morning. The Rating Outlook is Negative.
PLIC's rating is linked to the ratings of Citigroup in accordance with Fitch's group rating methodology.
Fitch downgrades the following rating with a Negative Outlook:
Primerica Life Insurance Company
—IFS downgraded to 'AA-' from 'AA'.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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