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Lincoln National Upgraded by Moody’s on Insurer’s Reduced Risk

Lincoln National Corp. (LNC), the insurer adding to its money-management staff, was upgraded by Moody’s Investors Service after shifting sales to offerings that may present a smaller chance of losses tied to interest rates and stock market fluctuations.

The rating was lifted to Baa1 from Baa2 as the “de-risked product portfolio has helped and will continue to improve its credit profile,” the ratings firm said today in a statement on the Radnor, Pennsylvania-based insurer.

To contact the reporter on this story: Megan Hickey in New York at Snorton7@bloomberg.net

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

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