London, 11 July 2013 -- Moody's Investors Service today affirmed the A3 Insurance Financial Strength Rating (IFSR) of Friends Life Limited (FLL). Moody's also affirmed the Baa2(hyb) guaranteed senior subordinated debt rating and the Baa3(hyb) guaranteed perpetual preferred debt rating of Friends Life Group Plc (FLG). The outlook on all ratings was revised to stable from negative.

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