Aegon Outlook Cut to Negative by Fitch on Insurer’s Leverage

Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., had its credit outlook cut to negative from stable by Fitch Ratings because of the 32 percent leverage ratio at the company.

The ratings may be downgraded “if financial leverage does not improve to below 30%,” the ratings firm said today in a statement about the Hague-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 dkraut2@bloomberg.net

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