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Aviva downgraded by Standard & Poor's as interest in US life book grows Standard & Poor's have downgraded Aviva plc from A to A- and its core operating subsidiaries from AA- to A+. The rating agency says that whilst its recently announced strategic plan has positive objectives, "we expect a significant period of transition, a high cost of execution, and risks in delivery." In addition to Guggenheim Partners, further interest is being shown from private equity companies in the insurer's US life business. |
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