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S&P Affirms Prudential Ratings

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NU Online News Service, Jan. 24, 9:55 a.m. – Standard & Poor’s, New York, has affirmed its ratings of Prudential Financial Inc., Newark, N.J., and its subsidiaries, following the announcement that Prudential intends to buy back up to $1 billion of its common stock.

S&P says it believes that, even with the buyback, Prudential debt level will remain well within levels established by S&P as conservative.