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.
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