Torchmark Outlook Lowered to Negative by Fitch on Leverage
Torchmark Corp., the seller of life insurance and annuities, had its outlook lowered by Fitch Ratings on increased leverage.
The outlook was cut to negative from stable on the “increased financial leverage of recent periods and Fitch’s view that leverage will remain higher than historical levels,” the ratings firm said today in a statement on the McKinney, Texas-based insurer.
To contact the reporter on this story: Susanna Pak in New York at Spak10@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.