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There you go dc
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This reads quite well to me,
Text
Global Credit Research - 02 Apr 2020
London, 02 April 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Legal & General Group Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Key rating considerations are summarized below.
Moody's A2 senior debt rating of the bonds at Legal & General Group plc (L&G) are derived from the Aa3 insurance financial strength rating (IFSR) of Legal and General Assurance Society Limited ("LGAS"). The IFSR reflects the group's excellent brand and competitive position in the UK life and savings market. Moody's also views the group's product diversification as excellent and financial flexibility and profitability as strong, with L&G able to generate relatively high new business margins in its non-savings business. However, these strengths are somewhat tempered by the group's significant exposure to longevity risk (although much of this risk on bulk annuity deals is reinsured). Notwithstanding its excellent product diversification, L&G has a material exposure to the UK life market and economy, and a high proportion of equities within the group's shareholder fund.
This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.
The principal methodology used for this review was Life Insurers Methodology published in November 2019. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
This announcement applies only to EU rated and EU endorsed ratings. Non EU rated and non EU endorsed ratings may be referenced above to the extent necessary, if they are part of the same analytical unit.
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most update
Dividendchaser, Wtf is wrong with this company that it does not keep up with it's peers legal and general up again this dog falling as usual.
In my humble opinion, as the big insti's want this broken up I reckon they are shorting the crap out of it to teach Maurice Tulloch who really holds the power, as it's all traded by BOTS now should be easy enough for them to do.
Toff, 32 years
Totally agree Nuri, all these so called analysts are just trying to make a fast buck, everything just seems to be that way now, shame really that not many people now a days see's the long term, everything has to be today.
I am really surprised that the oil price has held up for so long, with so much oil slushing around the world and so many sanctions and cuts going on it only takes one country to say enough is enough and start the wells gushing, or China to buy from Iran and the oil market will crash badly again.
Https://news.sky.com/story/smoking-to-be-ended-in-the-uk-by-2030-leaked-proposal-reveals-11759391
Https://news.sky.com/story/smoking-to-be-ended-in-the-uk-by-2030-leaked-proposal-reveals-11759391
Daytradernovice, there are far, far more A shares in circulation so seems ok to keep buying them back as they are still cheaper than B shares
Https://masterinvestor.co.uk/equities/imperial-brands-could-be-a-great-recovery-play/
Posted today, not all doom and gloom and yet another "expert" says dividend cover is ample.