Aflac Debt Downgraded by Moody’s on ‘Investment Risk Appetite’

Aflac Inc. (AFL), the largest seller of supplemental health insurance, was downgraded by Moody’s Investors Service after losses tied to holdings in banks from Greece, Portugal and Ireland.

The senior debt was lowered to A3 from A2, reflecting “continued concerns over the company’s higher than average investment risk appetite,” the ratings firm said today in a statement on the Columbus, Georgia-based insurer.

To contact the reporter on this story: Maryellen Tighe in New York at Mtighe6@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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