S&P ups Royal London rating to 'positive'

S&P says the outlook revision reflects several years of Royal London demonstrating a strong strategy to improve its business operations. An expanded product offering and distribution has also helped up the company's rating the agency adds. Previously the life company had been rated at ‘stable'. The global ratings agency also reaffirmed Royal London's rating as A-. S&P says Royal London is now "well placed to compete in the UK life and pensions market", reflecting the group's strong management and capitalization. However S&P adds these strenghts are partially offset the group'...