AM Best Comments on Credit Ratings of American Equity Investment Life Ins. Co. and Its Subs. Following Acquisition Announcement.
AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of 'a-' (Excellent) of
The transaction is expected to have minimal impact on the current strategic plan, with continued investment in infrastructure, while preserving liquidity. Current product development also will continue within AEL operating companies as planned.
The merger is expected to close in the first half of 2024, subject to regulatory approvals. Under the terms of the merger agreement, payment of dividends on AEL common stock will be suspended through the closing of the transaction. Following the closing,
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