Prudential’s Financials Get down graded by Fitch

Could this be the beginning of a number of the largest life insurers getting downgraded? We think this could be the start and could possibly see some serious pressure on the Life Insurance Industry.

clipped from www.marketwatch.com Fitch Downgrades Prudential Financial’s Ratings Due to Capital Pressures; Outlook Negative CHICAGO, Dec 01, 2008 (BUSINESS WIRE) – Fitch Ratings has downgraded Prudential Financial, Inc.’s (PRU: prudential finl inc com News, chart, profile, more  Last: 19.11+1.96+11.43% 4:01pm 12/02/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: PRU 19.11, +1.96, +11.4%) senior debt rating to ‘A-’ from ‘A’ and the insurer financial strength (IFS) ratings of PRU’s life insurance subsidiaries to ‘AA-’ from ‘AA’. The Rating Outlook is Negative. See complete list of ratings actions at the end of this release.