New York, February 02, 2015 -- Moody's Investors Service upgraded the debt ratings of Protective Life Corporation (Protective, senior debt to Baa1 from Baa2) following the closing of Dai-ichi Life Insurance Company's (Dai-ichi, IFS at A1, stable outlook) acquisition of all the outstanding stock of Protective for $5.7 billion of cash on February 1, 2015. In addition, PLC Capital Trusts III, IV, V, VI, VII, and VIII, which are statutory business trusts established by the company solely for the purpose of raising financing for Protective were also upgraded (see list below). The outlook on the ratings is stable. These actions conclude Moody's review for upgrade of Protective's debt ratings (announced on June 4, 2014).

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