Prudential Looks Strong: Analysts
March 25, 2020 by Allison Bell
The virus that causes Covid-19 pneumonia has been spreading, interest rates have been falling, and stock prices have been flying up and down like a broken drone.
Moody’s Investors Service warned Wednesday that, if the new low, low interest rates persist, that could hurt U.S. life insurers’ creditworthiness.
But a team of Morgan Stanley securities analysts who took a close look at one big life insurer — Prudential Financial Inc. — say the company appears to be prepared for what lies ahead.