Moody's changes its outlook on Storebrand
Moody's Investors Service raised today its outlook on the A2 insurance financial strength rating of Storebrand Livsforsikring AS ('Storebrand Life') to positive from stable. A change in rating outlook is a complementary opinion on the direction that the rating could take over the next twelve to eighteen months as a result of trends or developments already taking place. The rating agency said that the positive outlook recognises the continuous strength of the company's franchise, the refocus of the Storebrand Group on low volatility life insurance and other asset accumulation operations, and