Life Insurers May Avoid S&P Downgrades After Raising Capital

U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., may sidestep downgrades next year after raising funds in stock and bond sales, Standard and Poor’s said.

The industry’s outlook was lifted to “stable” from “negative” after insurers took “meaningful steps toward rebuilding capital and bolstering liquidity,” the ratings firm said in a statement today.