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Fitch Downgrades Transamerica Life Canada to 'A+'; Withdraws Ratings

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings downgraded the Insurer Financial Strength (IFS) rating of Transamerica Life Canada to 'A+' from 'AA-' and simultaneously withdrew the rating. The rating action follows the July 31, 2015 announcement that Wilton Re Ltd. (Wilton Re) completed the acquisition of 100% of the common stock of Aegon Canada ULC (Aegon Canada), a wholly owned subsidiary of Aegon N.V. Fitch is withdrawing the ratings for commercial reasons. KEY RATING DRIVERS Fitch views this trans

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