Fitch Assigns Rating and Comments on Jefferson-Pilot’s FA-Backed Note Program

Fitch Ratings has assigned an ‘AA+’ rating to Jefferson-Pilot Life Funding Trust I’s $1 billion secured notes program established today. The company is establishing the FA-backed note program to help fund the expected roll-off of its block of multi-year guarantee annuity products. Generally, FA-backed note programs are established as a spread lending vehicle rather than as a liquidity tool…..

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