London, 30 March 2015 -- Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Friends Life Limited ("FLL") to A1 from A3, and the guaranteed senior and guaranteed junior subordinated debt ratings of Friends Life Holdings plc ("FLH") to A3 (hyb) and Baa1(hyb) respectively. All ratings have been assigned a negative outlook which is line with the rating outlook on Aviva Life & Pensions UK Limited (A1 IFSR, "Aviva Life & Pensions").
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