SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) announced S&P Global Ratings (S&P) has recently completed its annual ratings review and affirmed the credit rating and outlook for both Challenger Life Company Limited and Challenger Limited.
Challenger’s S&P ratings are as follows:
• Challenger Life Company Limited – ‘A’ rating with a stable outlook; and
• Challenger Limited – ‘BBB+’ rating with a stable outlook.
Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for a better retirement.
Challenger operates three core investment businesses – a fiduciary Funds Management division, an APRA-regulated Life division and an APRA regulated authorised deposit-taking institution.
Challenger Life Company Limited (Challenger Life) is Australia’s largest provider of annuities.