CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Rating (IDR) of American Equity Investment Life Holding Company (AEL) at 'BB+' and revised the Rating Outlook to Positive from Stable. Fitch has also affirmed the Insurer Financial Strength (IFS) ratings of AEL's insurance operating subsidiaries: American Equity Investment Life Insurance Company (AEILIC) and American Equity Investment Life Insurance Company of New York, at 'BBB+'. The Rating Outlooks on AEL's insurance oper