Lincoln National Corp., the insurer adding to its money-management staff, was upgraded by Moody’s Investors Service after shifting sales to offerings that may present a smaller chance of losses tied to interest rates and stock market fluctuations.
The rating was lifted to Baa1 from Baa2 as the “de-risked product portfolio has helped and will continue to improve its credit profile,” the ratings firm said today in a statement on the Radnor, Pennsylvania-based insurer.