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Financial Planning > Behavioral Finance

S&P Raises Prudential's Credit Rating

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A rating agency has given a large financial services company a higher grade.

Standard & Poor’s Ratings Services, New York, says it has increased its long-term counterparty credit rating on Prudential Financial Inc., Newark, N.J., to A, from A minus.

S&P has reaffirmed the AA minus counterparty credit and financial strength ratings of Prudential’s major life insurance subsidiaries.